Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item |
NorthWest Healthcare to redeem 5.25% convertible debentures
By Wendy Van Sickle
Columbus, Ohio, April 9 – NorthWest Healthcare Properties Real Estate Investment Trust will redeem its C$74,733,000 of series E 5.25% convertible unsecured subordinated debentures due July 31, 2021, according to a news release.
The redemption will occur on May 10. The issuer will pay par plus accrued interest up to but excluding the redemption date in cash.
The debentures have a conversion price of C$12.75 per unit, which is less than the current trading price.
Holders that wish to convert their debentures must provide written notice of conversion prior to May 7.
NorthWest Healthcare is a Toronto-based real estate investment trust that has a portfolio of international health care real estate infrastructure made up of 144 income-producing medical office buildings, clinics and hospitals in Canada, Brazil, Germany, Australia and New Zealand.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.