HCP To Offer Common Shares
HCP Inc. (NYSE:HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently announced a secondary offering of 9 million common shares. The company will also grant the underwriters an option to purchase an additional 1.35 million shares to cover any over-allotments. HCP anticipates raising approximately $295.5 million of proceeds from the [...]
HCP Inc. (NYSE:HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently announced a secondary offering of 9 million common shares. The company will also grant the underwriters an option to purchase an additional 1.35 million shares to cover any over-allotments.
HCP anticipates raising approximately $295.5 million of proceeds from the equity offer. The company intends to utilize the proceeds to redeem all the outstanding shares of its 7.25% ‘Series E Cumulative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards