Community Healthcare Trust To Sell Stock

Shares of Community Healthcare Trust (CHCT) were down nearly 6% after the company said Tuesday that it has commenced an underwritten registered public offering of nearly 4.3 million shares of its common stock. The company expects to grant the underwriters a 30-day option to purchase up to an additional 637,500 shares. If exercised, all additional shares will be offered at the public offering price per share of common stock in the offering.

Community Healthcare Trusty said that it intends to use the net proceeds to repay the outstanding indebtedness under its revolving credit facility, to fund future acquisitions in accordance with its investment guidelines and for general corporate and working capital purposes.

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