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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

NorthWest Healthcare Properties REIT Announces Successful Completion of Previously Announced Bought Deal Equity Offering

2019

Areas Corporate and Commercial, Corporate Finance and Securities

Summary

NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) ("NorthWest" or the "REIT") in connection with its public offering (the "Offering") of 13,501,000 trust units ("Units") of the REIT at a price of $10.65 per Unit for total gross proceeds of approximately $143.8 million, which includes proceeds from the full exercise of an over-allotment option to purchase an additional 1,761,000 Units. The Offering was conducted on a bought deal basis through a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets.

The REIT intends to use the net proceeds of the Offering to repay debt, which currently bears an interest rate of 6.8% and partly satisfy certain funding milestones related to the previously announced $1.2 billion acquisition of an 11 property Australian hospital portfolio from Healthscope Limited and its affiliates (the "Property Transaction").

The Units were offered in each of the provinces and territories of Canada pursuant to the REIT's base shelf prospectus dated October 19, 2018. The terms of the Offering are described in a prospectus supplement filed with Canadian securities regulators.