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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item
Published on 2/21/2012 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Health Care REIT to repay credit lines, other debt with stock proceeds

By Ashley Montgomery

Kansas City, Kan., Feb. 21 - Health Care REIT, Inc. plans to use the proceeds from its offering of 18 million shares of common stock to repay its unsecured lines of credit and other outstanding debt, the company said in a news release.

Proceeds will also be used for general corporate purposes.

Health Care REIT is a Toledo, Ohio-based real estate investment trust that invests in senior housing and health-care real estate.


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