trending Market Intelligence /marketintelligence/en/news-insights/trending/nMdVGvTb9zBSlGuog4pKIw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Community Healthcare plans 4.5 million-share common stock offering

Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits

Blog

M&A rebound sparks optimism for near-term deal activity

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021


Community Healthcare plans 4.5 million-share common stock offering

Community HealthcareTrust Inc. plans to launch an offeringof 4.5 million shares of common stock, subject to market and other conditions.

The company intends to grant the underwriters a 30-day optionto purchase an additional 675,000 shares. Including a full exercise of this option,the offering represents gross proceeds of $96.2 million, based on the $18.59-per-shareMarch 30 closing price of Community Healthcare's stock.

The company intends to contribute the net proceeds to its operatingpartnership, Community Healthcare OP LP, which intends to use them to fund pendingacquisitions and repay outstanding amounts on the company's revolving credit facility.

Sandler O'Neill & Partners LP, Evercore ISI and SunTrustRobinson Humphrey are acting as joint book-running managers for the offering.