Senior Housing Properties Trust Announces Proposed Public Offering of 6.5M Common Shares

Senior Housing Properties Trust SNH today announced that it commenced a public offering of 6,500,000 common shares. SNH expects to use the proceeds of this offering to reduce amounts outstanding under its revolving credit facility and, to the extent of any additional proceeds, for general business purposes, including funding acquisitions. It is contemplated that the underwriters will also be granted a 30-day option to purchase up to an additional 975,000 common shares to cover over-allotments, if any.