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Health Care REIT closes senior notes buyback

Health Care REIT closes senior notes buyback, just over $161 million tendered

  • On 2:58 pm EDT, Thursday September 24, 2009

TOLEDO, Ohio (AP) -- Real estate investment trust Health Care REIT Inc. said Thursday $161,424,000 of notes were validly tendered and accepted as part of a previously announced notes offering.

On Sept. 16, Health Care REIT Inc. started a tender offer to buy back its outstanding 8 percent senior notes due 2012. The offer expired Wednesday. There were about $238.3 million in outstanding 8 percent senior notes due 2012 when the company made the tender offer.

Shares of Health Care REIT fell 50 cents to $42.20 in afternoon trading.

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