Healthcare Realty trims pricing on $150 million loan, extends to 2022

By Wendy Van Sickle

Columbus, Ohio, Dec. 22 – Healthcare Realty Trust Inc. amended its term loan with Wells Fargo Bank, NA as administrative agent to extend its maturity to Dec. 16, 2022 and trim the spread over Libor by 10 basis points, according to an 8-K filing with the Securities and Exchange Commission.

Specifically, the Dec. 18 amendment reduces the spread above Libor to range from 90 bps to 175 bps from a range of 100 bps to 185 bps, depending on Healthcare’s credit ratings. The current margin is 110 bps.

There is $150 million outstanding under the term loan.

PNC Bank, NA is the syndication agent and U.S. Bank NA, Fifth Third Bank and Branch Banking and Trust Co. are the co-documentation agents.

Healthcare Realty is a Nashville-based a real estate investment trust that integrates owning, managing and developing properties associated primarily with outpatient health care services.

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