Reported Earlier, National Health Investors Prices Upsized Public Offering of 2.4M Common Shares At $71.25/Shares
Portfolio Pulse from Benzinga Newsdesk
National Health Investors (NHI) has priced an upsized public offering of 2.4 million common shares at $71.25 per share. The company has entered into forward sale agreements with BofA Securities, J.P. Morgan, Wells Fargo Securities, and BMO Capital Markets. NHI will not receive any proceeds from the sale of shares by the forward purchasers.
August 15, 2024 | 6:58 am
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National Health Investors (NHI) has priced an upsized public offering of 2.4 million common shares at $71.25 per share. The company has entered into forward sale agreements with major banks but will not receive any proceeds from the sale.
The issuance of new shares typically dilutes existing shareholders' equity, which can lead to a short-term decrease in stock price. Additionally, the fact that NHI will not receive any proceeds from the sale may be viewed negatively by investors.
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