Health Care REIT has raised $2.1 billion in offerings of common stock and cumulative convertible perpetual preferred stock. The U.S. health care real estate investment trust issued 28.75 million shares of common stock for $1.4 billion and 14.375 million shares for $718.8 million of 6.50% cumulative convertible perpetual preferred stock. The Ohio-based company seeks to use the proceeds to fund a portion of its acquisition of Genesis HealthCare. UBS Investment Bank, BofA Merrill Lynch, Barclays Capital, Deutsche Bank Securities, JP Morgan and Wells Fargo Securities acted as joint book-running managers for the offerings, while KeyBanc Capital Markets acted as co-lead manager.
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