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TSX: NWH.UN
TORONTO, Feb. 26, 2019 /CNW/ - NorthWest Healthcare Properties
Real Estate Investment Trust (TSX: NWH.UN) ("NorthWest" or the "REIT") is pleased to announce today that it has completed its
previously announced 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. A copy of the prospectus supplement is available under the
REIT's profile on the SEDAR website at www.sedar.com.
About NorthWest Healthcare Properties Real Estate Investment Trust
NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH.UN) is an unincorporated, open-ended real estate
investment trust established under the laws of the Province of Ontario. The REIT provides
investors with access to a portfolio of high quality international healthcare real estate infrastructure comprised of interests
in a diversified portfolio of 156 income-producing properties and over 11.8 million square feet of gross leasable area located
throughout major markets in Canada, Brazil, Europe, Australia and New Zealand. The
REIT's portfolio of medical office buildings, clinics, and hospitals is characterized by long term indexed leases and stable
occupancies. With a fully integrated and aligned senior management team, the REIT leverages over 180 professionals across nine
offices in five countries to serve as a long term real estate partner to leading healthcare operators.
Forward Looking Information
This press release contains "forward-looking statements" within the meaning of applicable securities laws, including
statements about the Offering and the proposed use of proceeds thereof. The forward-looking statements in this news release are
based on certain assumptions, including without limitation that all conditions to completion of the Property Transaction will be
satisfied or waived, and funding will be obtained as expected to complete the Property Transaction. These forward-looking
statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from
current expectations, including the risk that the Property Transaction will not be completed on the terms proposed, or at all or
that other developments may arise that result in the REIT having to further increase its leverage. The statements in this news
release are made as of the date of this release. Although the REIT believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are
cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. A discussion of the risk
factors applicable to the REIT is contained under the heading "Risk Factors" in the REIT's annual information form dated
March 28, 2018, and the REIT's prospectus supplement dated February 18,
2019 and the REIT's other public filings, copies of which each may be obtained on the SEDAR website at www.sedar.com. Many factors could cause actual results, performance or achievements to
be materially different from any future results, performance or achievements that may be expressed or implied by these forward
looking statements. The REIT does not intend to nor assume any obligation to update these forward looking statements whether as a
result of new information, plans, events or otherwise, unless required by law.
These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United
States or to U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and
applicable state securities laws or pursuant to an exemption therefrom. Accordingly, this news release does not constitute an
offer for sale of securities in the United States.
SOURCE NorthWest International Healthcare Properties Real Estate Investment Trust
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