Reported Earlier, American Healthcare REIT Prices Upsized Public Offering Of 17.4M Common Shares At $23.55/Share
Portfolio Pulse from Benzinga Newsdesk
American Healthcare REIT has announced an upsized public offering of 17.4 million common shares at $23.55 per share. The proceeds will be used to purchase a minority interest in Trilogy Holdings, LLC, and to repay debt. The offering is expected to close on September 20, 2024.
September 19, 2024 | 7:11 am
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American Healthcare REIT is conducting an upsized public offering of 17.4 million shares at $23.55 each. The funds will be used to acquire a minority stake in Trilogy Holdings and to reduce debt.
The upsized offering indicates strong demand for AHR's shares, which is positive for the stock price. The use of proceeds to acquire a minority stake and repay debt is strategically beneficial, potentially improving financial stability and growth prospects.
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