American Healthcare REIT closes NYSE IPO of 64.4M shares at $12.00, nets $717.6M

American Healthcare REIT, Inc.

Closed public offering of 64.4M shares at $12.00/share; net proceeds $717.6M used to reduce outstanding debt.
Common stock began trading on NYSE under ticker AHR on Feb 7, 2024; pre-IPO Class T/I shares convert on Aug 5, 2024.
Board declared initial quarterly distribution rate of $0.25 per share; DRIP and share repurchase plan remain suspended.
Granted 912,966 restricted shares to executives and directors, vesting 25% annually over four years.
Filed Articles Supplementary to opt out of Maryland Unsolicited Takeovers Act (MUTA) Section 3-803 without stockholder vote.

item 1.01 item 5.02 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

American Healthcare REIT, Inc.: Articles Supplementary filed to prohibit the company from electing to be subject to Section 3-803 of the MGCL (the Maryland Unsolicited Takeovers Act) unless approved by stockholders (effective 2024-02-07).

Change: charter amendment
Effective: 2024-02-07

Exact text from the filing

On February 7, 2024, we filed Articles Supplementary with the State Department of Assessments and Taxation of Maryland, which prohibit us from unilaterally electing to be subject to Section 3-803 of Title 3, Subtitle 8 of the Maryland General Corporation Law (the "MGCL"), commonly referred to as the Maryland Unsolicited Takeovers Act ("MUTA").

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

American Healthcare REIT, Inc. entered into Underwriting Agreement with BofA Securities, Inc. and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein (effective 2024-02-06).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc. and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein
Effective: 2024-02-06

Exact text from the filing

we entered into an Underwriting Agreement, dated February 6, 2024, by and among us, American Healthcare REIT Holdings, LP (the "Operating Partnership"), BofA Securities, Inc. and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein

View on SEC.gov

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American Healthcare REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001632970-24-000016

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