New Senior Announces “At-the-Market” Supplying Plan | Company & Finance
NEW YORK–(Organization WIRE)–Feb 26, 2021–
New Senior Financial investment Team Inc. (“New Senior” or the “Company”) (NYSE: SNR) introduced nowadays that it had established an “at-the-current market” application via which it may well situation and promote, from time to time, up to an aggregate of $100 million of the Firm’s widespread stock. The widespread inventory will be supplied and marketed in accordance with the Company’s directions pursuant to a Distribution Arrangement, dated February 26, 2021, in between New Senior and Morgan Stanley & Co. LLC, BMO Money Marketplaces Corp., BTIG, LLC, Citigroup Global Marketplaces Inc., Deutsche Lender Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC., KeyBanc Cash Marketplaces, Inc. and RBC Cash Markets, LLC, who are performing as product sales brokers.
Income of the typical inventory pursuant to the Distribution Agreement could be made in transactions that are considered to be “at-the-market” offerings as described in Rule 415 below the Securities Act of 1933, as amended. Revenue may perhaps also be designed by any other approach permitted by regulation, together with by signifies of common brokers’ transactions on the New York Inventory Trade, on any other existing trading market place for our prevalent stock, to or by means of a current market maker at selling prices prevailing at the time of sale or in privately negotiated transactions. The Company intends to use the proceeds from these revenue, if any, for standard corporate needs, which could include repayment of personal debt and expense options.
The Shares will be offered and offered pursuant to the Company’s Registration Assertion on Type S-3 (File No. 333-234508) and the connected prospectus supplement dated February 26, 2021. Copies of the prospectus dietary supplement and accompanying prospectus relating to the presenting may well be attained by browsing EDGAR on the SEC’s internet site at www.sec.gov. Alternatively, copies might be obtained, when out there, from Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036.
This push release does not represent an present to promote or a solicitation of an offer to obtain any of these securities and shall not constitute an provide, solicitation or sale in any jurisdiction in which such provide, solicitation or sale is unlawful.
New Senior Financial investment Team Inc. (NYSE: SNR) is a publicly-traded actual estate investment decision belief with a diversified portfolio of senior housing properties positioned across the United States. New Senior is one of the most significant homeowners of senior housing houses, with 103 properties across 36 states. Additional facts about New Senior can be identified at www.newseniorinv.com.
Key word: UNITED STATES NORTH America NEW YORK
Field Keyword: REIT OTHER Development & Residence Household Constructing & Genuine ESTATE Commercial Making & Serious ESTATE Design & Assets
Supply: New Senior Expense Group Inc.
Copyright Business Wire 2021.
PUB: 02/26/2021 05:30 PM/DISC: 02/26/2021 05:30 PM
Copyright Business enterprise Wire 2021.