Healthcare Realty to redeem senior notes due 2014 via new offering

By Tali David

Minneapolis, March 19 - Healthcare Realty Trust Inc. said it plans to redeem all $264.7 million of its 5.125% senior notes due 2014 on April 18.

The notes will be redeemed at a total price of $277.3 million, consisting of $264.7 million in principal amount, $700,000 in accrued interest and a make-whole amount of $11.9 million, according to a press release.

The company plans to fund the redemption using proceeds of a senior note offering, according to a 424B5 filed with the Securities and Exchange Commission.

Remaining proceeds will be used to repay the outstanding borrowings on the company's unsecured credit facility due April 2017 and for other general corporate purposes.

Nashville-based Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing properties associated primarily with outpatient health-care services.

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