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