American Healthcare REIT Announces 14.5M Offering Of Common Stock; Expects To Use Net Proceeds To Exercise Option To Purchase Its Joint Venture Partner's 24% Minority Membership Interest In Trilogy Holdings And To Repay Certain Amounts Of Debt Outstanding Under Its Lines Of Credit
Portfolio Pulse from Benzinga Newsdesk
American Healthcare REIT is offering 14.5 million shares of common stock to raise funds. The proceeds will be used to buy a 24% minority interest in Trilogy Holdings and to repay some of its outstanding debt.
September 18, 2024 | 8:05 pm
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American Healthcare REIT is issuing 14.5 million shares to raise capital for acquiring a 24% stake in Trilogy Holdings and to pay down debt.
The issuance of new shares can dilute existing shareholders but is aimed at strategic acquisition and debt reduction, which could stabilize or improve financial health.
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