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Global Medical REIT Inc. (GMRE)

NYSE - NYSE Delayed Price. Currency in USD
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13.82+0.13 (+0.95%)
At close: 4:00PM EDT
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  • Are Insiders Buying Global Medical REIT Inc. (NYSE:GMRE) Stock?
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  • Business Wire

    Global Medical REIT Inc. Announces Pricing of Public Offering of Common Stock

    Global Medical REIT Inc. (NYSE:GMRE) (the "Company") today announced that it has priced an underwritten public offering (the "Offering") of 7,500,000 shares of its common stock, par value $0.001 per share, at a price to the public of $13.30 per share for gross proceeds of $99,750,000, before deducting underwriting discounts and commissions and offering expenses payable by the Company. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock. The Company intends to use the net proceeds from the Offering to repay a portion of the outstanding indebtedness under its credit facility, to fund acquisitions and for other general corporate purposes.