Senior Housing Properties Trust Offers 6 Million Common Shares to Public

Senior Housing Properties Trust (NYSE:SNH) recently announced the public offering of six million common shares. SNH intends to put the proceeds of this offering toward repaying outstanding amounts from its revolving credit facility and for general business purposes, including funding acquisitions.

Underwriters may also be granted a 30-day option to purchase up to an additional 900,000 common shares to cover over-allotments, if any.

Jefferies & Company, Inc., BofA, Merrill Lynch, and Citigroup are the joint bookrunning mangers for this offering, and the co-lead managers are Morgan Keegan, Morgan Stanley, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities.