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Health Care REIT, Inc. Announces Pricing of 8,000,000 Shares of Common Stock at $45.75 Per Share

^{Published on 2010-09-21 06:11:57 - Market Wire}
 

TOLEDO, Ohio--([ BUSINESS WIRE ])--Health Care REIT, Inc. (NYSE:HCN) today announced the pricing of its underwritten public offering of 8,000,000 shares of common stock at $45.75 per share. The offering was increased in size from 7,000,000 shares in response to investor demand. The company has granted the underwriters an option to purchase up to an additional 1,200,000 shares during the next 30 days to cover over-allotments, if any. The company estimates that the gross proceeds from this offering will be approximately $366.0 million (or approximately $420.9 million if the underwritersa™ over-allotment option is exercised in full).

The company intends to use the net proceeds from this offering for general corporate purposes, including investing in health care and senior housing properties and repaying borrowings under its unsecured line of credit and other outstanding indebtedness.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and BofA Merrill Lynch acted as joint book-running managers for this offering.

The offering is made pursuant to Health Care REITa™s shelf registration statement on file with the Securities and Exchange Commission. A copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained by contacting Deutsche Bank Securities Inc. at 100 Plaza One, Jersey City, New Jersey 07311, Attention: Prospectus Department, by calling toll-free 1-800-503-4611 or email: [ prospectus.cpdg@db.com ], or J.P. Morgan Securities LLC, Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling 1-866-803-9204 or BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or email: [ dg.prospectus_request@baml.com ].

This press release is not an offer to sell, nor a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Health Care REIT. Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of senior housing and health care real estate. The company also provides an extensive array of property management and development services. As of June 30, 2010, the companya™s broadly diversified portfolio consisted of 625 properties in 39 states. More information is available on the companya™s website at [ www.hcreit.com ]. The information on our website is not part of our offering.

This document may contain aforward-lookinga statements as defined in the Private Securities Litigation Reform Act of 1995. When the company uses words such as amay,a awill,a aintend,a ashould,a abelieve,a aexpect,a aanticipate,a aproject,a aestimatea or similar expressions, it is making forward-looking statements. Forward-looking statements reflect current plans and expectations and are based on information currently available. They are not guarantees of future performance and involve risks and uncertainties, including those discussed in the prospectus supplement and related prospectus and in the companya™s other reports filed from time to time with the Securities and Exchange Commission. Completion of the offering is subject to various factors, including, but not limited to, customary closing conditions. The company assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements.