Healthcare Trust plans to repay revolver, term loan debt via new notes

By Tali Rackner

Norfolk, Va., July 7 – Healthcare Trust of America Holdings, LP intends to repay a portion of the outstanding debt under its revolving credit and term loan facility using the proceeds from an offering of senior notes due 2026, according to a 424B5 filing with the Securities and Exchange Commission.

As of March 31, there was $596 million outstanding under the $1.15 billion unsecured revolving credit and term loan facility, comprised of a fully drawn $300 million term loan and $296 million outstanding under the $850 million revolver.

The revolver matures on Jan. 31, 2020. The term loan matures on Jan. 31, 2019, with a one-year extension option.

Net proceeds will also be used for general corporate purposes, including working capital and investment in real estate.

The real estate investment trust for medical office building is based in Scottsdale, Ariz.

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