American Healthcare REIT announced that the underwriters for its recent public offering have fully exercised their option to purchase an additional 1,987,500 shares of common stock. In connection with the option exercise, the company entered into additional forward sale agreements with the forward purchasers.
Key Details
- Option Exercise: The underwriters fully exercised their 30-day option to purchase 1,987,500 additional shares of common stock on August 20, 2026, in connection with the public offering that closed on August 12, 2026.
- Financing Structure: AHR entered into additional forward sale agreements with forward purchasers, including affiliates of Morgan Stanley, Citigroup, and KeyBanc Capital Markets. The company expects to physically settle the agreements by delivering the shares for cash proceeds on one or more dates no later than August 10, 2028.
- Use of Proceeds: Net proceeds from the settlement will be used to fund a pending acquisition of a portfolio of senior housing properties, as well as for potential future investments and general corporate purposes.