CareTrust REIT (CTRE) announced that, subject to market and other conditions, it intends to offer to sell 15.5M shares of its common stock in an underwritten public offering. 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. J.P. Morgan, BofA Securities and RBC Capital Markets are acting as joint lead book-running managers for the offering.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTRE:
- CareTrust REIT price target raised to $36 from $32 at RBC Capital
- CareTrust REIT Reports Strong Q2 2025 Results
- Cautious Hold Rating on CareTrust REIT Amid Underperformance and Conservative Guidance
- CareTrust REIT Expands with $1.1 Billion Investments
- Ensign Group acquires facilities in Iowa, California and Wisconsin