American Healthcare REIT Implements $500 Million ATM Program
Deal News | Nov 19, 2024 | Paul Hastings
Paul Hastings LLP provided legal counsel to a group of agents, including prominent financial institutions such as BofA Securities and Morgan Stanley, in the establishment of a $500 million At-The-Market (ATM) program for American Healthcare REIT, Inc. This program, which includes a forward component, was initiated on November 18, 2024. Key figures in the Paul Hastings advisory team included partner Scott Chase and other notable partners, associates, and Of Counsel. With a strong reputation in finance, M&A, and other sectors, Paul Hastings continues to offer top-tier legal services globally.
Sectors
- Legal Services
- Finance
- Healthcare Real Estate Investment Trusts (REITs)
Geography
- United States – The key entities involved, such as American Healthcare REIT and various financial institutions, operate primarily in the United States.
Industry
- Legal Services – The article highlights the role of Paul Hastings LLP, a leading law firm providing legal advice and services for the ATM program.
- Finance – Financial institutions were involved in the establishment of an ATM program, showcasing the financial industry's role in capital markets.
- Healthcare Real Estate Investment Trusts (REITs) – American Healthcare REIT operates in the healthcare REIT sector, relevant to the ATM program.
Financials
- $500 million – The total size of the ATM program established for American Healthcare REIT.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | Paul Hastings LLP is a prominent law firm that provided legal advice for the ATM program. |
| American Healthcare REIT, Inc. | Target Company | Company | A healthcare REIT company that established the $500 million ATM program. |
| BofA Securities, Inc. | Agent | Company | One of the financial institutions acting as an agent in the ATM program. |
| Barclays Capital Inc. | Agent | Company | Part of the consortium of financial institutions involved in the ATM setup. |
| Morgan Stanley & Co. LLC | Agent | Company | A major financial institution participating as an agent in the program. |