Healthpeak Properties (PEAK) announces $400 million bond offering.

Healthpeak Properties (PEAK) announced today that it has priced an offering of $400 million 5.250% senior unsecured notes due 2032.  The notes were priced at a discount to yield 5.266% or +175 basis points to the reference treasury. PEAK is rated Baa1/BBB+ by Moody's and S&P with stable outlooks.

PEAK said that proceeds from the offering would be used to repay borrowings under the company's $1.5 billion commercial paper program.