Healthcare Realty (HR) announces $300 million senior notes offering.

Healthcare Realty Trust (HR) announced today that it has priced an offering of $300 million 2.050% senior unsecured notes due 2031.  The notes were priced at a discount to yield 2.137% or +145 basis points to the treasury curve.  The notes are rated Baa2/BBB by Moody's and S&P.

Proceeds from the current note offering will be used to fund the early redemption of HR's outstanding $250 million 3.75% senior unsecured notes due 2023.  In connection with the bond call, HR said that it expects to record a fourth quarter charge of $21.5 million, including a "make-whole" amount of $20.4 million.

Based in Nashville, TN, Healthcare Realty is a mid-cap health care REIT specializing in the ownership and management of outpatient medical office buildings throughout the United States. HR has a total market capitalization of approximately $5.6 billion and is a component of the S&P MidCap 400 index.