Vinson & Elkins LLP advised Global Medical REIT Inc. on the deal.
Global Medical REIT Inc. announced an underwritten public offering of 7,500,000 shares of its common stock, par value $0.001 per share, at a price to the public of $13.30 per share for gross proceeds of $99,750,000, before deducting underwriting discounts and commissions and offering expenses payable by the Company.
The Company also granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock, which they exercised in full, bringing the total gross proceeds to $114.7 million.
The V&E team was led by partner Daniel LeBey (Picture) with assistance from associates Bekah Briggs and Glen Taylor. Partner Chris Mangin, senior associate Paige Anderson and associate Eyad Saqr provided tax advice.
Involved fees earner: Paige Anderson – Vinson & Elkins LLP; Bekah Briggs – Vinson & Elkins LLP; Daniel LeBey – Vinson & Elkins LLP; Christopher Mangin Jr. – Vinson & Elkins LLP; Eyad Saqr – Vinson & Elkins LLP; Glen Taylor – Vinson & Elkins LLP;
Law Firms: Vinson & Elkins LLP;
Clients: Global Medical REIT Inc.;