NEW YORK, Sept. 29, 2021 /PRNewswire/ -- Healthcare Trust,
Inc. ("HTI" or the "Company") today announced the launch of a
proposed underwritten public offering of shares of its Series B
Cumulative Redeemable Perpetual Preferred Stock (the "Series B
Preferred Stock"), pursuant to a registration statement on Form
S-11 filed with the Securities and Exchange Commission (the
"Commission"). The underwriters are expected to be granted a 30-day
option to purchase additional shares of Series B Preferred Stock.
The Company has applied to list the shares of Series B Preferred
Stock on The Nasdaq Global Market. The Series B Preferred
Stock has received a rating of BBB- from Egan-Jones Ratings
Company.
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The Company will use the net proceeds from this offering to
repay amounts outstanding under the revolving credit facility as
required thereunder. Subject to the terms and conditions set forth
in the revolving credit facility, the Company may then draw on the
revolving credit facility to borrow any amounts so repaid for
general corporate purposes, including purchases of additional
properties.
The bookrunners for the offering are B. Riley
Securities, Janney Montgomery, Ladenburg Thalmann and
William Blair. The lead manager for
the offering is Colliers Securities LLC. The co-managers for the
offering are Aegis Capital Corp., Boenning & Scattergood and
Wedbush Securities.
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. A registration statement on Form S-11
relating to the shares of Series B Preferred Stock has been filed
with the Commission but has not yet become effective. The
shares to be registered may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes
effective. Copies of the preliminary prospectus relating to
these securities may be obtained from B. Riley
Securities, Inc. You should direct any requests to B. Riley
Securities, Inc., Attention: Prospectus Department, 1300 17th
Street North, Suite 1300, Arlington, Virginia 22209, by
telephone at (703) 312-9580 or by email
at prospectuses@brileyfin.com. You may also obtain a copy
of the preliminary prospectus and other documents the Company
has filed with the Commission for free by visiting the Commission's
website at http://www.sec.gov.
The proposed offering is subject to market and other conditions,
and there can be no assurance as to whether or when the offering
may be completed, or as to the actual size or terms of the
offering. A securities rating is not a recommendation to buy, sell
or hold securities and may be subject to revision or withdrawal at
any time. Each rating agency has its own methodology for assigning
ratings and, accordingly, each rating should be evaluated
independently of any other rating.
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.
Contact
Investors and Media:
Email:
investorrelations@ar-global.com
Phone: (866) 902-0063
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SOURCE Healthcare Trust, Inc.