|NorthWest Healthcare Properties Real Estate Investment Trust Announces $75 Million Bought Deal of Trust Units|
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The REIT has also granted the underwriters the option to purchase up to an additional 1,114,500 Units to cover over-allotments, if any, exercisable in whole or in part anytime up to 30 days following closing of the Offering.
NorthWest intends to use the net proceeds of the offering, together with existing resources, to repay higher cost revolving debt, fund the previously announced acquisition of a medical office property in
The Offering is subject to normal regulatory approvals, including approval of the
The Units will be offered pursuant to the REIT's base shelf prospectus dated
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in
This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements about the offering, the proposed use of proceeds thereof and the REIT's strategy. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the risk that the offering will not be completed on the terms proposed, or at all. The statements in this news release are made as of the date of this release. Although the REIT believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. A discussion of the risk factors applicable to the REIT is contained under the heading "Risk Factors" in the REIT's annual information form dated
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