Healthcare Trust of America to repay revolver, term loan via new stock

By Tali Rackner

Norfolk, Va., Nov. 3 – Healthcare Trust of America, Inc. plans to use the proceeds from a common stock offering to repay a portion of the outstanding debt under its senior unsecured revolving credit and term loan facility, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will also be used for general corporate purposes, including, without limitation, working capital and investment in real estate.

As of Sept. 30, there was $335 million outstanding under the $950 million facility.

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

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