NORTHWEST HEALTHCARE PROPERTIES REIT ANNOUNCES $125 MILLION CONVERTIBLE DEBENTURE BOUGHT DEAL TSX: NWH.UN |NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES | TORONTO , Aug. 16, 2022 |CNW| - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH ) ("NorthWest" or the "REIT") announced today a public offering, on a "bought deal" basis, of $125 million principal amount of convertible unsecured subordinated debentures (the "Debentures"), at a price of $1,000 per Debenture, with an interest rate of 6.25% per annum, payable semi-annually on the last date of August and February commencing on February 28, 2023 (the "Offering"). The Debentures will mature on August 31, 2027 . The offering is being made through a syndicate of underwriters co-led by RBC Capital Markets and Scotiabank. The REIT has also granted the underwriters the option to purchase up to $18.75 million principal amount of additional Debentures at a price of $1,000 per Debenture to cover over-allotments, exercisable in whole or in part anytime up to 30 days following closing of the Offering.