Healthcare Trust enters $300 million unsecured four-year term loan

By Jennifer Chiou

New York, Jan. 7 - Healthcare Trust of America, Inc. announced that it has executed a new $300 million senior unsecured term loan, replacing its existing $300 million term loan that was scheduled to mature in March 2016.

The new term loan has an initial maturity date of January 2018 and can be extended by up to one year, according to a news release.

J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as the joint bookrunners and joint lead arrangers with JPMorgan Chase Bank, NA as the administrative agent and Wells Fargo Bank, NA as syndication agent.

Based on the company's upgrade by Moody's Investors Service to Baa2 in December, borrowings will bear interest at Libor plus 120 basis points. This represents a reduction of 65 bps from the prior term loan as of Dec. 18.

Healthcare Trust of America is a real estate investment trust based in Scottsdale, Ariz.

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