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American Healthcare REIT will use stock sale to repay credit facility
Chicago, Feb. 6 – American Healthcare REIT, Inc. said that it would use the proceeds from a public offering of common to repay $623.1 million outstanding under its credit facility, according to a press release.
The company sold 56 million shares at $12.00 per share.
The company is the product of a merger between Griffin-American Healthcare REIT III, Inc. and Griffin-American Healthcare REIT IV, Inc.
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