By Andrea Heisinger
New York, March 21- Healthcare Trust of America Holdings, LP priced an upsized $300 million of 3.7% 10-year senior notes on Thursday at Treasuries plus 187.5 basis points, a source close to the trade said.
The amount was increased from $250 million.
The notes priced at 99.186.
J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC were bookrunners for the Rule 144A and Regulation S sale.
The notes have a make-whole call at Treasuries plus 30 bps.
Proceeds will be used to repay $125.5 million of a senior secured term loan, to pay down borrowings under a senior revolving credit facility and for general corporate purposes.
The real estate investment trust for medical office building is based in Scottsdale, Az.
| Issuer: | Healthcare Trust of America Holdings, LP
|
| Issue: | Senior notes
|
| Amount: | $300 million, upsized from $250 million
|
| Maturity: | April 15, 2023
|
| Bookrunners: | J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc., Wells Fargo Securities LLC
|
| Coupon: | 3.7%
|
| Price: | 99.186
|
| Spread: | Treasuries plus 187.5 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | March 21
|
| Settlement date: | March 28
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
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