trending Market Intelligence /marketintelligence/en/news-insights/trending/myiiurisnwmcpgycowrjqg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

MedEquities prices IPO for $210.2M in net proceeds

IoT and AI Aid Critical Event Management to Battle COVID-19, but Deployment could Raise Privacy Concerns


The Global Impact of COVID-19

COVID-19: The 451 Research Take

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak

MedEquities prices IPO for $210.2M in net proceeds

MedEquitiesRealty Trust Inc. priced its IPO of 19,925,333 common shares at $12.00 apiece, thelow end of its projected range, for expected net proceeds of roughly$210.2 million.

The offering comprises 19.0 million shares being sold by thecompany and 925,333 shares by certain selling stockholders. The underwritershave also been granted a 30-day overallotment option to buy up to 2,988,800additional shares.

The company expects the offering to close Oct. 4.

MedEquities will use the net proceeds to redeem itsoutstanding preferred stock, repay amounts under its secured credit facilityand for general corporate purposes.

The company expects the shares to start trading on the NYSESept. 29 under the MRT ticker symbol.

FBR, J.P. Morgan, Citigroup, KeyBanc Capital Markets,Raymond James and RBC Capital Markets are the joint book-running managers,while JMP Securities, Fifth Third Securities and Capital One Securities are theco-managers.