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Healthcare Realty to redeem $100 million of 5.75% notes due 2021
By Wendy Van Sickle
Columbus, Ohio, Oct. 2 – Healthcare Realty Trust Inc. said it intends to redeem $100 million of its $400 million of 5.75% senior notes due 2021, according to a news release.
The redemption will occur on Nov. 1 at an aggregate redemption price of $113.4 million, which includes par plus $1.7 million of accrued interest as well as a make-whole amount of $11.7 million.
The company will use proceeds from the issuance of 8.3 million shares of common stock on Aug. 14 and its unsecured credit facility to fund the redemption.
The trustee for the notes is Branch Banking and Trust Co.
Nashville-based Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing properties associated primarily with outpatient health care services.
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