Healthcare Realty Trust Announces Redemption Of Senior Notes Due April 1, 2014

Healthcare Realty Trust Announces Redemption Of Senior Notes Due April 1, 2014

PR Newswire

NASHVILLE, Tenn., March 19, 2013

NASHVILLE, Tenn., March 19, 2013 /PRNewswire/ --Healthcare Realty Trust
Incorporated (NYSE: HR) today announced that it intends to redeem all of its
outstanding 5.125% Senior Notes due April 1, 2014 (the "Notes") in accordance
with the terms of the indenture governing the Notes. The Company will
primarily use proceeds from the issuance of its senior notes due April 15,
2023, which are expected to close on March 26, 2013, subject to customary
closing conditions, to fund the redemption and expects to record a one-time
charge in the second quarter of 2013 of approximately $12.3 million for early
extinguishment of debt.

The Company will redeem all of the Notes on April 18, 2013 (the "Redemption
Date") at a redemption price equal to an aggregate of $277.3 million,
consisting of: a) $264.7 million in outstanding principal; b) $0.7 million in
interest accrued but not yet paid as of the Redemption Date; and c) a
"make-whole amount" of $11.9 million in accordance with the indenture.

The redemption price for the Notes and accrued interest will become due and
payable on the Redemption Date. Following that date, interest will cease to
accrue and be payable and the Notes will be cancelled. Payment of the
redemption price will be made only upon presentation and surrender of the
Notes in the manner specified in the notice of redemption, which is being
provided to registered holders of the Notes by Regions Bank, as trustee for
the Notes. Copies of the applicable notice of redemption for the Notes may be
obtained from Regions Bank by calling its Corporate Trust Department at

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
feet nationwide.

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
Press spacebar to pause and continue. Press esc to stop.