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Community Healthcare prices $75M common stock offering

Community HealthcareTrust Inc. priced an underwritten public offering of 4.5 million shares of its common stock at $17.75apiece, with net proceeds expected at roughly $75 million.

The company said April 6 that it plans to contribute the proceedsto Community Healthcare OP LP. In turn, the operating partnership intends to usethe contribution to fund pending acquisitions and repay borrowings outstanding underthe company's revolving credit facility.

Underwriters were given a 30-day option to purchase up to anadditional 675,000 shares of common stock, and the offering is expected to closeApril 12.

Sandler O'Neill & Partners LP, Evercore ISI and SunTrustRobinson Humphrey are acting as joint book-running managers for the offering. BB&TCapital Markets, Janney Montgomery Scott LLC and Oppenheimer & Co. Inc. areacting as co-lead managers for the offering.