CareTrust REIT increases share offering to 12.5M, securing $509.4M in gross proceeds via forward sale agreements.
CareTrust REIT (CTRE) priced an upsized public offering of 12.5 million shares, raising approximately $509.4 million in gross proceeds. The deal uses forward sale agreements with affiliates and was expanded from an initial 10 million shares.
Underwriters were granted a 30-day option to purchase additional shares, though the exact terms of this provision were not disclosed. The offering reflects increased demand for capital amid ongoing market conditions.
No immediate market reaction was reported following the pricing announcement.