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NORTHWEST HEALTHCARE PROPERTIES REIT ANNOUNCES $125 MILLION CONVERTIBLE DEBENTURE BOUGHT DEAL

Newswire.ca - Tue Aug 16, 3:08PM CDT

TSX: NWH.UN

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TORONTO, Aug. 16, 2022 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) ("NorthWest" or the "REIT") announced today a public offering, on a "bought deal" basis, of $125 million principal amount of convertible unsecured subordinated debentures (the "Debentures"), at a price of $1,000 per Debenture, with an interest rate of 6.25% per annum, payable semi-annually on the last date of August and February commencing on February 28, 2023 (the "Offering"). The Debentures will mature on August 31, 2027. The offering is being made through a syndicate of underwriters co-led by RBC Capital Markets and Scotiabank.

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