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Healthcare Realty to call 5.75% notes due 2021 with new deal proceeds
New York, Nov. 27 – Healthcare Realty Trust plans to redeem its $300 million of 5.75% senior notes due 2021 using proceeds from an offering of new senior notes due 2028, according to a 424B5 filing with the Securities and Exchange Commission.
The redemption will be carried out using the existing notes’ make-whole provision.
To complete the redemption, the company estimates it will need $338.9 million, made up of the principal amount, $7.8 million of accrued interest and a make-whole premium of $31.1 million.
Healthcare Realty is a Nashville, Tenn.-based real estate investment trust focused on real estate used to deliver outpatient health care.
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