Healthcare Realty Trust Announces Pricing of $250 Million Senior Unsecured
NASHVILLE, Tenn., March 19, 2013
NASHVILLE, Tenn., March 19, 2013 /PRNewswire/ --Healthcare Realty Trust
Incorporated (NYSE: HR) today announced that it has priced $250 million of
3.75% senior unsecured notes due 2023 at 99.179% of the principal amount.
Subject to customary closing conditions, the offering is expected to close on
March 26, 2013.
The Company intends to use the net proceeds from the offering to redeem the
Company's 5.125% senior unsecured notes due April 1, 2014, to repay borrowings
under its unsecured credit facility due April 14, 2017, and for other general
J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, and Credit Agricole
Securities (USA) Inc. served as Joint Book-Running Managers for the offering.
Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated
served as Senior Co-Managers and U.S. Bancorp Investments, Inc., Fifth Third
Securities, Inc., BMO Capital Markets Corp., Scotia Capital (USA) Inc., PNC
Capital Markets LLC, RBC Capital Markets, LLC, BB&T Capital Markets, a
division of BB&T Securities, LLC, and Regions Securities LLC served as
Co-Managers for the offering.
The offering is made pursuant to the Company's shelf registration statement on
file with the Securities and Exchange Commission. The offering is made solely
by means of a prospectus supplement and accompanying prospectus. Interested
parties may obtain a prospectus supplement and accompanying prospectus
relating to the senior notes offering by contacting J.P. Morgan Securities
LLC, 383 Madison Avenue, New York, New York, 10179, Attention: Investment
Grade Syndicate Desk, 3rd Floor or by calling 1.212.834.4533 or Wells Fargo
Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North
Carolina 28262, Attn: Capital Markets Client Support, emailing:
firstname.lastname@example.org or calling toll-free1.800.326.5897.
This announcement shall not constitute an offer to sell or a solicitation of
an offer to buy the notes, nor shall there be any sale of the notes in any
jurisdiction in which such offer, solicitation, or sale would be unlawful
under the securities laws of any such jurisdiction.
Healthcare Realty Trust is a real estate investment trust that integrates
owning, managing, financing and developing income-producing real estate
properties associated primarily with the delivery of outpatient healthcare
services throughout the United States.The Company had investments of
approximately $3.0 billion in 207 real estate properties and mortgages as of
December 31, 2012. The Company's 202 owned real estate properties are located
in 28 states and total approximately 13.6 million square feet. The Company
provides property management services to approximately 10.1 million square
In addition to the historical information contained within, the matters
discussed in this press release may contain forward-looking statements that
involve risks and uncertainties, including the ultimate amount and terms at
which the sale of the securities will occur, if any, and the use of proceeds
from this offering. These risks are discussed in filings with the Securities
and Exchange Commission by Healthcare Realty Trust, including its Annual
Report on Form 10-K for the year ended December 31, 2012 under the heading
"Risk Factors." Forward-looking statements represent the Company's judgment
as of the date of this release. The Company disclaims any obligation to
update forward-looking material.
SOURCE Healthcare Realty Trust Incorporated
Contact: Carla Baca, Financial Communications, +1-615-269-8175
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