E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/23/2014 in the Prospect News Investment Grade Daily.

New Issue: Healthcare Trust prices $300 million 3.375% seven-year notes at 130 bps spread

By Aleesia Forni

Virginia Beach, June 23 – Healthcare Trust of America Holdings, LP sold $300 million of 3.375% seven-year senior notes at 130 basis points over Treasuries, according to a FWP filed with the Securities and Exchange Commission.

The notes (Baa2/BBB/) priced at 99.205 to yield 3.503%.

Pricing was tight of guidance.

Wells Fargo Securities LLC, J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc. and Jefferies & Co. were the bookrunners.

Proceeds are being used for general corporate purposes.

The notes will be guaranteed by Healthcare Trust of America, Inc.

The real estate investment trust for medical office building is based in Scottsdale, Ariz.

Issuer:Healthcare Trust of American Holdings, LP
Amount:$300 million
Description:Senior notes
Maturity:July 15, 2021
Bookrunners:Wells Fargo Securities LLC, J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc., Jefferies & Co.
Co-managers:BBVA Securities Inc., BMO Capital Markets Corp., Capital One Securities, Inc., Fifth Third Securities, Inc., Regions Securities LLC, Scotia Capital (USA) Inc.
Coupon:3.375%
Price:99.205
Yield:3.503%
Spread:Treasuries plus 130 bps
Trade date:June 23
Settlement date:June 26
Ratings:Moody’s: Baa2
Standard & Poor's: BBB
Price talk:Treasuries plus 150 bps area
Make-whole call:Treasuries plus 20 bps prior to May 15, 2021, then callable at par

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.