Nationwide Health Properties to Sell Securities
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NEWPORT BEACH — Nationwide Health Properties Inc. is planning to sell up to $300 million of securities, according to documents filed Wednesday with the Securities and Exchange Commission.
The real estate investment trust, which owns nursing-care and rehabilitative facilities, will sell debt securities, preferred stock, common stock and warrants to purchase the securities.
Proceeds will be used for general corporate purposes, which may include the repayment of debt, according to the filing.
The offering was filed as a shelf registration, enabling the company to register securities in advance and sell them as financing needs arise.
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