Nationwide Health Properties Prices $250
Million of 6.00% Senior Notes Due 2015
NEWPORT BEACH, Calif., May 16 /PRNewswire-FirstCall/ -- Nationwide Health
Properties, Inc. (NYSE: NHP - News) today announced the pricing of $250 million
of 6.00% senior unsecured notes due May 20, 2015. The price to the investors for
the notes was 97.769% of the principal amount. The Company intends to use the
net proceeds of the offering to pay down outstanding indebtedness under its
unsecured revolving bank line of credit.
The offering was underwritten by J.P. Morgan Securities Inc. as sole
book-running manager. Banc of America Securities, UBS Securities LLC and
Wachovia Capital Markets, LLC acted as senior co-managers and the following
firms as junior book-running managers: Caylon Securities Inc., Cohen & Steers,
KeyBanc Capital Markets and Wells Fargo Securities, LLC.
This press release shall not constitute an offer to sell nor a solicitation of
an offer to buy nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.
A prospectus supplement related to this offering may be obtained from:
J.P. Morgan Securities Inc.
Distribution and Support Services
1 Chase Manhattan Plaza, Floor 5B
New York, NY 10081
Nationwide Health Properties, Inc. is a real estate investment trust that
invests in health care facilities. The Company has investments in 424 facilities
in 39 states. For more information
Certain information contained in this news release includes forward-looking
statements. Forward-looking statements include statements regarding our
expectations, beliefs, intentions, plans, objectives, goals, strategies, future
events or performance and underlying assumptions and other statements which are
not statements of historical facts. These statements may be identified, without
limitation, by the use of forward-looking terminology such as "may," "will,"
"anticipates," "expects," "believes," "intends," "should" or comparable terms or
the negative thereof. All forward-looking statements included in this news
release are based on information available to us on the date hereof. These
statements speak only as of the date hereof, and we assume no obligation to
update such forward-looking statements for any reason or to update the reasons
actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the
future. These statements involve risks and uncertainties that could cause actual
results to differ materially from those described in the statements. These risks
and uncertainties include (without limitation) the following: deterioration in
the operating results or financial condition, including bankruptcies, of our
tenants; occupancy levels at certain facilities; changes in the ratings of our
debt securities; access to the capital markets and the cost of capital;
government regulations, including changes in the reimbursement levels under the
Medicare and Medicaid programs; the general distress of the healthcare industry;
the effect of economic and market conditions and changes in interest rates; the
amount and yield of any additional investments; our ability to meet acquisition
goals; the ability of our operators to repay deferred rent or loans in future
periods; the ability of our operators to obtain and maintain adequate liability
and other insurance; our ability to attract new operators for certain
facilities; our ability to sell certain facilities for their book value; changes
in or inadvertent violations of tax laws and regulations and other factors that
can affect real estate investment trusts and our status as a real estate
investment trust; and the risk factors described in our annual report on Form
10-K filed with the SEC on February 24, 2005.
CONTACT:
Abdo H. Khoury
Senior Vice President and Acting CFO
(949) 718-4400