CareTrust REIT prices 20 share offering at $32

Published 2 months ago Positive
CareTrust REIT prices 20 share offering at $32
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CareTrust REIT (NYSE:CTRE [https://seekingalpha.com/symbol/CTRE]) priced [https://seekingalpha.com/pr/20198899-caretrust-reit-inc-announces-pricing-of-upsized-public-offering-of-common-stock] an upsized underwritten public offering of 20M shares of at $32.00 per share.

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The offering is expected to close on August 14, 2025.

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Underwriters have a 30-day option to purchase up to an additional 3M shares.

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The company intends to contribute the net proceeds to CTR Partnership, L.P., its operating partnership, which will in turn use the proceeds from this offering to fund new investments and repay the borrowings outstanding on its revolving credit facility.

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