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8.00% Series B Cumulative Redeemable Preferred Stock
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Global Medical REIT Inc. Announces Pricing of Public Offering of 8.00% Series B Preferred Stock
Businesswireยท 2025-11-14 03:30
Core Points - Global Medical REIT Inc. announced the pricing of a public offering of 2,000,000 shares of its 8.00% Series B Cumulative Redeemable Preferred Stock, with an initial liquidation preference of $25.00 per share, expecting to raise approximately $50 million before expenses [1][2] - The offering is set to close on November 20, 2025, subject to customary closing conditions, and includes a 30-day option for underwriters to purchase an additional 300,000 shares [1][2] - The net proceeds from the offering will be used for general corporate purposes, including funding new acquisitions and repaying existing debt [2] Company Information - Global Medical REIT Inc. operates as a net-lease medical REIT, acquiring healthcare facilities and leasing them to physician groups and healthcare systems [5] - The company plans to list the Series B Preferred Stock on the New York Stock Exchange under the symbol "GMRE PrB" [2] - The offering is conducted under the company's shelf registration statement, which was declared effective by the SEC on April 4, 2024 [3]