By Sheri Kasprzak
New York, Dec. 1 - Healthcare Realty Trust Inc. priced $300 million 6.5% eight-year senior notes on Tuesday, according to a term sheet.
The notes, which mature Dec. 17, 2017, were priced at 99.323 to yield 6.618%. The spread came in at Treasuries plus 387.5 basis points.
The notes (Baa3/BBB-/BBB) include a make-whole call at Treasuries plus 50 basis points.
Bank of America Merrill Lynch and J.P. Morgan Securities Inc. were the joint bookrunners with Barclays Capital Inc. as a passive bookrunner.
Proceeds will be used for general corporate purposes.
Healthcare Realty, based in Nashville, is an outpatient services real estate investment trust.
| Issuer: | Healthcare Realty Trust Inc.
|
| Issue: | Senior notes
|
| Amount: | $300 million
|
| Maturity: | Dec. 17, 2017
|
| Bookrunners: | Bank of America Merrill Lynch, J.P. Morgan Securities Inc. (joint), Barclays Capital Inc. (passive)
|
| Coupon: | 6.5%
|
| Price: | 99.323
|
| Yield: | 6.618%
|
| Spread: | Treasuries plus 387.5 bps
|
| Call: | Make-whole at Treasuries plus 50 bps
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BBB
|
| Pricing date: | Dec. 1
|
| Settlement date: | Dec. 4
|
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