Newton-based REIT Senior Housing Properties Trust has priced a public offering of 12 million common shares at $21.75 per share.

The settlement of this offering is expected Friday. The net proceeds of the offering will be used to repay amounts outstanding under the trust’s revolving credit facility. The underwriters have been granted a 30-day option to purchase up to an additional 1,800,000 common shares.

The joint book-running managers for this offering are Jefferies & Co. Inc., Citigroup and UBS Investment Bank. The co-lead managers for this offering are Bank of America Merrill Lynch, Morgan Stanley, RBC Capital Markets and Wells Fargo Securities. The co-managers for this offering are Janney Montgomery Scott LLC, JMP Securities and Sandler O’Neill & Partners, LP.

Senior Housing Properties Trust Prices Offering Of 12M Shares

by Banker & Tradesman time to read: <1 min
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