NEW YORK, Dec. 16, 2019 /PRNewswire/ -- Healthcare
Trust, Inc. ("HTI" or the "Company") today announced that the
underwriters have purchased an additional 210,000 shares of the
Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred
Stock with a liquidation preference of $25.00 (the "Series A Preferred Stock"), pursuant
to the full exercise of the underwriters' option to purchase
additional shares in the offering that initially closed on
December 11, 2019. The Series A
Preferred Stock is listed on The Nasdaq Global Market under the
symbol "HTIA."
The close of the full exercise of the underwriter's option adds
approximately $5.1 million in
additional net proceeds, bringing the entire Series A Preferred
Stock offering aggregate net proceeds from the offering before
expenses and structuring fee to approximately $39.0 million. The Company plans to contribute
the net proceeds it receives from the offering to its operating
partnership in exchange for a new class of preferred units, which
will have economic interests that are substantially similar to the
designations, preferences and other rights of the Series A
Preferred Stock. The Company, acting through its operating
partnership, intends to use the net proceeds from this contribution
for general corporate purposes, which may include purchases of
additional properties.
The joint bookrunning managers for the offering were B. Riley
FBR, Inc., D.A. Davidson & Co., Ladenburg Thalmann & Co.
Inc. and William Blair &
Company, L.L.C. Co-managers for the offering were National
Securities Corporation, a wholly owned subsidiary of National
Holdings Corporation (Nasdaq:NHLD), Boenning &
Scattergood, Inc. and Wedbush Securities Inc.
About Healthcare Trust, Inc.
Healthcare Trust, Inc. is a publicly registered real estate
investment trust focused on acquiring a diversified portfolio of
healthcare real estate, with an emphasis on seniors housing and
medical office buildings, located in the
United States. Additional information about HTI can be found
on its website at www.healthcaretrustinc.com.
Important Notice
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or other jurisdiction. The offering of securities is made
only by means of a prospectus. Copies of the final prospectus
relating to these securities may be obtained from B. Riley FBR,
Inc. You should direct any requests to B. Riley FBR, Inc.,
Attention: Prospectus Department, 1300 17th Street North, Suite
1300, Arlington, Virginia 22209,
by telephone at (703) 312-9580 or by email at
prospectuses@brileyfbr.com; to D.A. Davidson & Co., Attn:
Syndicate Dept., 8 3rd Street North, Great Falls, MT 59401,
ProspectusRequest@dadco.com, (800) 332-5915; to Ladenburg Thalmann
& Co. Inc., Attention: Syndicate Department, 277 Park Avenue
26th Floor, New York, New York
10172; or to: William Blair &
Company, L.L.C., Attn: Prospectus Department, 150 North Riverside
Plaza, Chicago, Illinois 60606,
Telephone: (800) 621-0687, Email: prospectus@williamblair.com. You
may also obtain a copy of the final prospectus and other
documents the Company has filed with the Securities and Exchange
Commission (the "Commission") for free by visiting the Commission's
website at http://www.sec.gov.
The statements in this press release that are not historical
facts may be forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause the
outcome to be materially different. In addition, words such as
"may," "will," "seeks," "anticipates," "believes," "estimates,"
"expects," "plans," "intends," "should" or similar expressions
indicate a forward-looking statement, although not all
forward-looking statements include these words. Actual results may
differ materially from those contemplated by such forward-looking
statements, including those set forth in the Risk Factors section
of HTI's registration statement on Form S-11 and other reports
filed with the Commission. Further, forward-looking statements
speak only as of the date they are made, and HTI undertakes no
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results over time, unless required
by law.
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SOURCE Healthcare Trust, Inc.