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Health Care REIT, Inc. Completes $1.1 Billion Common Stock Offering

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Health Care REIT, Inc. (NYSE:HCN) today announced it has successfully completed its public offering of 17,825,000 shares at a price of $63.75 per share for total gross proceeds of approximately $1.1 billion, which includes 2,325,000 shares sold pursuant to the underwriters’ exercise in full of their purchase option for additional shares. Along with its May common stock offering, HCN has completed the two largest individual overnight marketed common stock offerings by any NYSE listed company thus far in 2014 based on total gross proceeds.

HCN intends to use the net proceeds from this offering to repay advances under its primary unsecured credit facility and for general corporate purposes, including investing in health care and seniors housing properties.

Goldman, Sachs & Co., RBC Capital Markets, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, J.P. Morgan, and Morgan Stanley acted as joint book-running managers for the offering.

The offering was made pursuant to Health Care REIT’s effective shelf registration statement filed with the Securities and Exchange Commission. A prospectus supplement and accompanying prospectus relating to the offering have been filed with the Securities and Exchange Commission. Copies of the prospectus supplement and accompanying prospectus may be obtained from the Securities and Exchange Commission’s website at www.sec.gov or by contacting:

  • Goldman, Sachs & Co., 200 West Street, New York, NY 10282, or by calling 1-866-471-2526, or by emailing prospectus-ny@ny.email.gs.com
  • RBC Capital Markets, LLC, 3 World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Attention: Equity Syndicate, or by calling 1-877-822-4089, or by emailing equityprospectus@rbccm.com

This press release is not an offer to sell, nor a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Health Care REIT, Inc.

HCN, an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate. The company also provides an extensive array of property management and development services. As of June 30, 2014, the company’s broadly diversified portfolio consisted of 1,224 properties in 46 states, the United Kingdom, and Canada.

Forward-Looking Statements

This document may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. When the company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the company’s actual results to differ materially from the company’s expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to, those factors discussed in the prospectus supplement and accompanying prospectus and in the company’s reports filed from time to time with the Securities and Exchange Commission. The company undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements.

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