Healthcare Trust of America says 97% of holders exchanged notes

By Mary-Katherine Stinson

Lexington, Ky., July 21 – Healthcare Realty Trust Inc. (formerly known as Healthcare Trust of America, Inc.) and Healthcare Realty Holdings, LP (formerly known as Healthcare Trust of America Holdings, LP), announced the final results of its exchange offers and consent solicitations for four series of notes, according to a release Thursday.

The offer expired at 5 p.m. ET on July 20.

Overall, more than 97% of noteholders agreed to exchange their notes.

The results by series are as follows:

• $235,016,000, or 94.01%, of the $250 million of 3.875% senior notes due May 1, 2025 (Cusip: 421946AJ3) were tendered;

• $290,246,000, or 96.75%, of the $300 million of 3.625% senior notes due Jan. 15, 2028 (Cusip: 421946AK0) were tendered;

• $297,507,000, or 99.17%, of the $300 million of 2.4% senior notes due March 15, 2030 (Cusip: 421946AL8) were tendered; and

• $298,858,000, or 99.62%, of the $300 million of 2.05% senior notes due March 15, 2031 (Cusip: 421946AM6) were tendered before the expiration of the offer.

As previously reported, Healthcare Trust of America was offering to exchange the four series of notes issued by pre-merger Healthcare Realty Trust Inc. for new notes to be issued by the operating partnership.

The company offered a total consideration per $1,000 of notes of $1,000 of new notes with the same coupon and maturity as the relevant existing notes and $1 in cash. Each new note will have the same interest payment dates and the same redemption terms as the note for which it is exchanged.

In each case, the total consideration also included an early premium of $30 of new notes that will be paid only to holders who tendered their notes for exchange by 5 p.m. ET on June 28.

The exchange offers and a solicitation of consents to amend the indentures governing the notes was in anticipation of and conditioned on the pending merger of Healthcare Trust of America, Inc. and Healthcare Realty Trust Inc. The merger closed on July 20.

The consummation of the exchange offers was also conditioned upon receipt of valid consents to the proposed amendments from the holders of at least a majority of the outstanding aggregate principal amount of each series of the covered notes.

Settlement is expected on or about July 22.

Wells Fargo Securities, LLC (704 410-4759, 866 309-6316 or liabilitymanagement@wellsfargo.com) is the dealer manager.

D.F. King & Co., Inc. (212 269-5550, 800 334-0384 or hr@dfking.com) is the exchange agent and information agent.

Healthcare Realty Trust Inc. is a Nashville-based real estate investment trust. On July 20, the company completed its merger with Healthcare Trust of America.

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