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Northwest Healthcare Prop REIT(NWH-UN-T)
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NORTHWEST HEALTHCARE PROPERTIES REIT ANNOUNCES INCREASE IN SIZE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL PUBLIC OFFERING OF CONVERTIBLE DEBENTURES FROM $125 MILLION TO $135 MILLION

Newswire.ca - Wed Aug 17, 8:44AM CDT

TSX: NWH.UN

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TORONTO, Aug. 17, 2022 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) ("NorthWest" or the "REIT") is pleased to announce that, due to strong demand, it has increased the size of its previously announced public offering, on a "bought deal" basis, of convertible unsecured subordinated debentures (the "Debentures") to $135 million. The Debentures are being offered to the public 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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