NorthWest International Healthcare Properties REIT Completes $20,000,000
Bought Deal Offering of Convertible Debentures
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
TORONTO, March 25, 2013 /CNW/ - NorthWest International Healthcare Properties
Real Estate Investment Trust (TSXV: MOB.UN) (the "REIT") announced today the
closing of its previously announced offering (the "Offering") of $20 million
aggregate principal amount of 6.50% convertible unsecured subordinated
debentures (the "Debentures"), on a bought deal basis, to a syndicate of
underwriters (the "Underwriters") led by National Bank Financial Inc. and GMP
Securities L.P., acting as joint bookrunners, and including Canaccord Genuity
Corp., Scotiabank, Dundee Securities Ltd., Macquarie Capital Markets Canada
Ltd., All Group Financial Services Inc. and Desjardins Securities Inc.
The REIT has granted the Underwriters an over-allotment option exercisable at
any time up to the date that is 30 days from the date of closing of the
Offering to offer for sale up to an additional $3 million aggregate principal
amount of Debentures on the same terms and conditions.
The net proceeds from the Offering are expected to be used to fund future
acquisitions and for general trust purposes.
About NorthWest International Healthcare Properties Real Estate Investment
The REIT is an unincorporated, open-ended real estate investment trust
established under the laws of the Province of Ontario. Including its
investment in Vital Healthcare Property Trust (NSX:VHP), the REIT holds
interests in a portfolio of 31 income producing properties, with a focus on
internationally-located medical office buildings and healthcare real estate,
comprising approximately 1.9 million square feet of gross leasable area in
Australia / New Zealand, Brazil and Germany.
Forward Looking Information
Certain statements contained in this news release may contain projections and
"forward looking statements" within the meaning of that phrase under Canadian
securities laws. When used in this new release, the words "may", "would",
"should", "could", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect" and similar expressions may be used to identify forward
looking statements. Those statements reflect the REIT's current views with
respect to future events or conditions. By their nature, forward looking
statements reflect management's current views, beliefs and assumptions and are
subject to certain risks and uncertainties, known and unknown, including,
without limitation, risks disclosed in the short-form prospectus of the REIT
dated March 18, 2013, the REIT's annual information form dated March 11, 2013
and the REIT's other public filings. Many factors could cause actual
results, performance or achievements to be materially different from any
future results, performance or achievements that may be expressed or implied
by these forward looking statements. The REIT does not intend to nor assume
any obligation to update these forward looking statements whether as a result
of new information, plans, events or otherwise, unless required by law.
These securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any
state securities laws and may not be offered or sold in the United States or
to U.S. persons except in compliance with the registration requirements of the
U.S. Securities Act and applicable state securities laws or pursuant to an
exemption therefrom. Accordingly, this news release does not constitute an
offer for sale of securities in the United States.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Paul Dalla Lana CEO, NorthWest International Healthcare Properties REIT (416)
366-8300 ext. 1001
SOURCE: NorthWest International Healthcare Properties REIT
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-0- Mar/25/2013 12:02 GMT
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