NASHVILLE, Tenn., Oct. 4, 2016 /PRNewswire/ -- MedEquities Realty Trust, Inc. (NYSE: MRT) (the "Company") announced the closing of its initial public offering of 19,925,333 shares of common stock at a public offering price of $12.00 per share, which includes 19,000,000 shares sold by the Company and 925,333 shares sold by certain selling stockholders. In connection with the offering, the Company has granted the underwriters a 30-day over-allotment option to purchase an additional 2,988,800 shares of common stock at the initial public offering price, less the underwriting discount. Shares of the Company's common stock are traded on the New York Stock Exchange under the symbol "MRT."
FBR, J.P. Morgan, Citigroup, KeyBanc Capital Markets, Raymond James and RBC Capital Markets served as joint book-running managers, and JMP Securities, Fifth Third Securities and Capital One Securities served as co-managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 28, 2016. This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from: FBR Capital Markets & Co., Prospectus Department, 1300 North 17th Street, Suite 1400, Arlington, Virginia 22209, (703) 312-9726 or Prospectuses@FBR.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at (866) 803-9204; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by calling (800) 831-9146; KeyBanc Capital Markets Inc., Attention: Equity Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or by telephone at (800) 859-1783; Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, FL 33716, Telephone: (800) 248-8863 or by email at email@example.com; and RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Attention: Equity Syndicate, by calling (877) 822-4089, or by e-mail at firstname.lastname@example.org.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About MedEquities Realty Trust
MedEquities Realty Trust is a self-managed and self-administered real estate investment trust that invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments. The Company's management team has extensive industry experience in acquiring, owning, developing, financing, operating, leasing and monetizing many types of healthcare properties and portfolios. MedEquities' strategy is to become an integral capital partner with high-quality and growth-oriented facility-based providers of healthcare services on a nationwide basis, primarily through net-leased real estate investment.
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SOURCE MedEquities Realty Trust, Inc.