Health Care REIT Announces Pricing of $342 Million of Convertible Senior Notes

Health Care REIT, Inc. (NYSE:HCN) earlier this week announced the pricing of its offering of $342,394,000 aggregate principal amount of 3.00% Convertible Senior Notes due 2029. The unsecured, senior obligations will mature on December 1, 2029 and will pay interest semi-annually at a rate of 3.00% per year. The notes may be redeemed, in whole or in part, by Health Care REIT from time to time on or after December 1, 2014 and at any time to preserve Health Care REIT’s status as a REIT.  Health Care REIT intends to use the net proceeds from the offering to repurchase a portion of its 4.75% Convertible Senior Notes due 2026 and 2027.

For more information, visit the full news release.

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