NorthWest International Healthcare Properties REIT Completes $20,000,000 Bought Deal Offering of Convertible Debentures

NorthWest International Healthcare Properties Real Estate Investment Trust (REIT) announced the closing of its previously announced offering of $20 million aggregate principal amount of 6.50% convertible unsecured subordinated debentures, on a bought deal basis, to a syndicate of underwriters led by National Bank Financial Inc. and GMP Securities L.P., acting as joint bookrunners, and including Canaccord Genuity Corp., Scotiabank, Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., All Group Financial Services Inc. and Desjardins Securities Inc.
 
The REIT has granted the Underwriters an over-allotment option exercisable at any time up to the date that is 30 days from the date of closing of the Offering to offer for sale up to an additional $3 million aggregate principal amount of Debentures on the same terms and conditions.
 
The net proceeds from the Offering are expected to be used to fund future acquisitions and for general trust purposes.

on March 25, 2013