New Senior Announces “At-the-Market” Supplying Plan | Business
NEW YORK–(Business enterprise WIRE)–Feb 26, 2021–
New Senior Expense Team Inc. (“New Senior” or the “Company”) (NYSE: SNR) announced right now that it had recognized an “at-the-current market” software via which it could difficulty and promote, from time to time, up to an combination of $100 million of the Company’s frequent inventory. The popular stock will be supplied and offered in accordance with the Company’s guidance pursuant to a Distribution Arrangement, dated February 26, 2021, involving New Senior and Morgan Stanley & Co. LLC, BMO Capital Marketplaces Corp., BTIG, LLC, Citigroup International Marketplaces Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC., KeyBanc Money Marketplaces, Inc. and RBC Money Marketplaces, LLC, who are performing as gross sales brokers.
Gross sales of the popular stock pursuant to the Distribution Settlement may be built in transactions that are considered to be “at-the-market” offerings as outlined in Rule 415 less than the Securities Act of 1933, as amended. Gross sales may perhaps also be built by any other method permitted by regulation, which include by indicates of regular brokers’ transactions on the New York Stock Trade, on any other existing buying and selling market for our frequent stock, to or through a sector maker at rates prevailing at the time of sale or in privately negotiated transactions. The Firm intends to use the proceeds from these product sales, if any, for general corporate uses, which may well contain reimbursement of personal debt and investment decision options.
The Shares will be supplied and marketed pursuant to the Company’s Registration Assertion on Type S-3 (File No. 333-234508) and the linked prospectus supplement dated February 26, 2021. Copies of the prospectus health supplement and accompanying prospectus relating to the giving could be obtained by going to EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies may well be acquired, when obtainable, from Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036.
This press launch does not constitute an offer to provide or a solicitation of an present to buy any of these securities and shall not constitute an provide, solicitation or sale in any jurisdiction in which these kinds of give, solicitation or sale is unlawful.
New Senior Financial investment Team Inc. (NYSE: SNR) is a publicly-traded serious estate expense believe in with a diversified portfolio of senior housing properties located throughout the United States. New Senior is one particular of the premier homeowners of senior housing attributes, with 103 homes across 36 states. Additional information and facts about New Senior can be uncovered at www.newseniorinv.com.
Search phrase: UNITED STATES NORTH America NEW YORK
Industry Key phrase: REIT OTHER Design & Assets Residential Building & Genuine ESTATE Commercial Making & Authentic ESTATE Development & Residence
Source: New Senior Expenditure Team Inc.
Copyright Business enterprise Wire 2021.
PUB: 02/26/2021 05:30 PM/DISC: 02/26/2021 05:30 PM
Copyright Business Wire 2021.
