American Healthcare REIT launches 13,250,000-share common stock offering via forward sale agreements
AHR•Use of proceeds
Proceeds are intended to fund a pending senior housing portfolio acquisition.
Offering launched via forward sale agreements
American Healthcare REIT launched an underwritten public offering of 13,250,000 common shares via forward sale agreements.
Underwriters hold a 30-day option for 1,987,500 additional shares, lifting total shares to 15,237,500 if fully exercised.
Settlement structure and borrowing arrangements
Forward purchasers are expected to borrow shares for delivery; the REIT issues shares directly if borrowed shares are unavailable.
Physical settlement is expected within about 24 months.
