HCP Announces $1.1 Billion Offering

Skadden is representing HCP, Inc. in the public offering of 30 million shares of its common stock, announced March 23. The offering proceeds will total approximately $1.1 billion. The firm recently represented HCP in a new $1.5 billion unsecured revolving credit facility on March 11 and in its December 2010 acquisition of HCR ManorCare's senior living facilities, which involved a $3.3 billion fully committed bridge loan, among other counsel provided to the client.