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Press release from Business Wire

Health Care REIT, Inc. Announces Pricing of 20,000,000 Shares of Common Stock at $73.50 Per Share

Wednesday, May 08, 2013

Health Care REIT, Inc. Announces Pricing of 20,000,000 Shares of Common Stock at $73.50 Per Share

17:24 EDT Wednesday, May 08, 2013

TOLEDO, Ohio (Business Wire) -- Health Care REIT, Inc. (NYSE:HCN) today announced the pricing of its underwritten public offering of 20,000,000 shares of common stock at $73.50 per share. The offering was increased in size from 18,000,000 shares. The company has granted the underwriters an option to purchase up to an additional 3,000,000 shares during the next 30 days. The company estimates that the gross proceeds from this offering will be approximately $1.5 billion (or approximately $1.7 billion if the underwriters' option is exercised in full).

The company intends to use the net proceeds from this offering to repay advances under HCN's unsecured lines of credit, to repay other outstanding indebtedness and for general corporate purposes, including investing in health care real estate and seniors housing properties.

UBS Investment Bank, Deutsche Bank Securities, Wells Fargo Securities, Barclays, J.P. Morgan, Citigroup and RBC Capital Markets acted as joint book-running managers for the offering.

The shares of common stock are being offered pursuant to an effective shelf registration statement that Health Care REIT previously filed with the U.S. Securities and Exchange Commission. A copy of the prospectus supplement and accompanying base prospectus related to the offering may be obtained by contacting:

  • UBS Securities LLC, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171, telephone: 1-888-827-7275
  • Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling 1-800-503-4611, or by emailing prospectus.cpdg@db.com
  • Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, telephone: 1-800-326-5897

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, Inc. 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 seniors housing and health care real estate. The company also provides an extensive array of property management and development services. As of March 31, 2013, the company's broadly diversified portfolio consisted of 1,133 properties in 46 states, the United Kingdom, and Canada.

Forward-Looking Statements. This document may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. When the company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The company's expected results may not be achieved, and actual results may differ materially from expectations. This may be a result of various factors, including, but not limited to, those factors discussed in the prospectus supplement and related prospectus and in the company's 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.

Health Care REIT, Inc.
Scott Estes, 419-247-2800
Jay Morgan, 419-247-2800

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