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Healthpeak closes $3 billion new revolver at Libor plus 77.5 bps
By Mary-Katherine Stinson
Lexington, Ky., Sept. 21 – Healthpeak Properties, Inc. has announced the closing of a new $3 billion revolver on Monday, according to a company release.
The interest rate is Libor plus 77.5 basis points.
This revolver increases the company’s revolving commitments by $500 million, reduces Healthpeak’s borrowing costs, and extends the maturity date to Jan. 20, 2026 with an option to twice extend for six months subject to certain conditions.
BofA Securities, Inc., JPMorgan Chase Bank, NA, and Wells Fargo Securities, LLC arranged the deal.
The joint bookrunners were BofA Securities, Inc. and JPMorgan Chase Bank, NA.
The administrative agent is Bank of America, NA.
JPMorgan Chase Bank, NA and Wells Fargo Securities, NA were the co-syndication agents.
Healthpeak Properties, Inc. is a real estate investment trust based in Denver, Colo. that owns and develops health care real estate within the United States.
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