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/C O R R E C T I O N from Source -- NorthWest Healthcare Properties Real Estate Investment Trust/
/C O R R E C T I O N from Source -- NorthWest Healthcare Properties Real Estate Investment...
About this update from Vital Infrastructure Property Trust
[{"type":"text","content":"\n\n\n\n\n/C O R R E C T I O N from Source -- NorthWest Healthcare Properties Real Estate Investment Trust/\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 23, 2019\n\n\n\nIn the news release, NorthWest Healthcare Properties Real Estate Investment Trust Announces $150 Million Bought Deal of Trust Units, issued 23-Jul-2019 by NorthWest Healthcare Properties Real Estate Investment Trust over CNW, we are advised by the company that \"million\" should be removed after $150,096,000 in the first paragraph. The complete, corrected release follows:\n\nNorthWest Healthcare Properties Real Estate Investment Trust Announces $150 Million Bought Deal of Trust Units\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n TORONTO, July 23, 2019 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (\"NorthWest\" or the \"REIT\") (TSX: NWH.UN) announced today a public offering, on a \"bought deal\" basis, of 12,720,000 trust units (the \"Units\") at a price of $11.80 per Unit representing gross proceeds of approximately $150,096,000 (the \"Offering\"). The Offering is being made through a syndicate of underwriters led by RBC Capital Markets and BMO Capital Markets.\nThe REIT has also granted the underwriters the option to purchase up to an additional 1,908,000 Units to cover over-allotments, if any, exercisable in whole or in part anytime up to 30 days following closing of the Offering.\nThe REIT intends to use the net proceeds of the Offering to repay approximately $120 million of high-cost corporate debt (including the REIT's 7.25% convertible unsecured subordinated debentures maturing October 31, 2019 with an outstanding balance of $38.75 million) with a weighted average interest rate and term to maturity of 7.7% and 1.0 years, respectively.  The remainder of the net proceeds will be used to complete the previously announced acquisitions of a German medical office building and a rehabilitation hospital for a combined purchase price of approximately $...