Healthcare Trust (HTA) prices $800 million senior notes.
Healthcare Trust of America, Inc. (HTA) announced today that its operating subsidiary has priced an offering of $800 million 2.00% senior unsecured notes due 2031. The notes were priced at a discount to yield 2.086% or +142 basis points to the treasury curve. Current ratings are Baa2/BBB with stable outlooks.
HTA said that proceeds would be used to redeem its 3.70% senior notes due 2023 and to repay borrowings under its bank credit facilities.
Founded in 2006, Healthcare Trust is the largest owner/operator of medical office buildings in the U.S. with a current portfolio of 465 properties in 33 states. As of June 30, 2020, Healthcare Trust had a total market capitalization of approximately $8.7 billion.
HTA said that proceeds would be used to redeem its 3.70% senior notes due 2023 and to repay borrowings under its bank credit facilities.
Founded in 2006, Healthcare Trust is the largest owner/operator of medical office buildings in the U.S. with a current portfolio of 465 properties in 33 states. As of June 30, 2020, Healthcare Trust had a total market capitalization of approximately $8.7 billion.
09/14/2020