Brief: DRI Healthcare Trust Announces $95 Million Private Placement Of Preferred Securities And Increased Deployment Target

DRI Healthcare Trust

08/02/2023 13:53

Feb 8 (Reuters) - Dri Healthcare Trust  DHT_u.TO :
    * DRI HEALTHCARE TRUST ANNOUNCES US$95 MILLION PRIVATE
PLACEMENT
OF PREFERRED SECURITIES AND INCREASED DEPLOYMENT TARGET
    * DRI HEALTHCARE TRUST - INCREASED ITS DEPLOYMENT TARGET FOR
FIVE
YEARS ENDING 2025 TO BETWEEN US$850 MILLION AND US$900 MILLION
    * DRI HEALTHCARE TRUST - SERIES A PREFERRED SECURITIES WILL
MATURE
ON FEBRUARY 8, 2073, AND SERIES B PREFERRED SECURITIES WILL
MATURE ON DEC 27, 2027
    * DRI HEALTHCARE TRUST -  IN CONNECTION WITH PRIVATE
PLACEMENT,
DRI ALSO ISSUED 6,369,180 WARRANTS TO PRIVATE PLACEMENT
INVESTORS

Source text for Eikon:  ID:nCNWMtwJxa 
Further company coverage:  DHT_u.TO 
 ((Reuters.Briefs@thomsonreuters.com;))