American Health Properties Inc. begins marketing 2.5 million share offering from its existing shelf registration.DENVER--(BUSINESS WIRE)--Oct. 2, 1995--American Health Properties, Inc. (NYSE NYSE See: New York Stock Exchange :AHE) begins the marketing period for a proposed 2.5 million share common stock offering. The shares are part of its previously announced shelf registration. The proceeds from the offering will be used to reduce outstanding borrowings under the Company's revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility and for general corporate purposes. The managing underwriters of the offering are Dean Witter Reynolds Dean Witter Reynolds was an American stock brokerage catering to the middle class. In 1997, it merged with the Morgan Stanley Group to form Morgan Stanley Dean Witter. The amalgamated firm is now known as Morgan Stanley. Inc., Alex. Brown & Sons Incorporated, Goldman, Sachs & Co., and Natwest Securities. AHE is a real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) specializing in quality health care facilities. The Company currently has in excess of $600,000,000 of investments in health care properties located in seventeen states. CONTACT: American Health Properties Inc. Joseph P. Sullivan, 303/796-9793 |
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