Senior Housing Properties Trust Announces Proposed Public Offering of 6,500,000 Common Shares
NEWTON, Mass.--(BUSINESS WIRE)--
Senior Housing Properties Trust (NYSE: SNH) today announced that it
commenced a public offering of 6,500,000 common shares. SNH expects to
use the proceeds of this offering to reduce amounts outstanding under
its revolving credit facility and, to the extent of any additional
proceeds, for general business purposes, including funding acquisitions.
It is contemplated that the underwriters will also be granted a 30-day
option to purchase up to an additional 975,000 common shares to cover
over-allotments, if any.
The joint bookrunning managers for this offering are Jefferies &
Company, Inc., Citi and UBS Investment Bank. The co-lead managers for
this offering are Morgan Keegan, Morgan Stanley, RBC Capital Markets and
Wells Fargo Securities.
This press release is neither an offer to sell nor a solicitation of an
offer to buy shares, 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. The preliminary prospectus
supplement relating to this offering and related prospectus are expected
to be filed with the Securities and Exchange Commission (SEC) and copies
can be obtained by contacting the offices of: Jefferies & Company, Inc.,
520 Madison Avenue, 12th floor, New York, NY 10022, telephone: (877)
547-6340, Citi, Prospectus Department, Brooklyn Army Terminal, 140 58th
Street, 8th floor, Brooklyn, NY 11220, telephone: (800) 831-9146, or UBS
Investment Bank, attn: Prospectus Dept., 299 Park Avenue, New York, NY
10171, telephone: (888) 827-7275 ext. 3884.
WARNING CONCERNING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE
MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND
OTHER FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE
BASED UPON SNH'S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE STATEMENTS
ARE NOT GUARANTEED. FOR EXAMPLE, ALTHOUGH THIS PRESS RELEASE REFERS TO
AN OFFERING OF 6,500,000 COMMON SHARES, GREATER OR FEWER THAN 6,500,000
COMMON SHARES MAY BE SOLD OR THIS OFFERING MAY BE WITHDRAWN. INVESTORS
SHOULD NOT PLACE UNDUE RELIANCE UPON ANY FORWARD LOOKING STATEMENT.
A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the New York Stock Exchange.
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
Senior Housing Properties Trust
Timothy A. Bonang, 617-796-8234
President, Investor Relations
Elisabeth A. Heiss,
Manager, Investor Relations
Source: Senior Housing Properties Trust
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