Healthcare Trust of America Announces Pricing of $250 million of 3.500% Senior Unsecured Notes Due 2026 and $650 million of 3.100% Senior Unsecured Notes Due 2030
SCOTTSDALE, Ariz., Sept. 5, 2019 /PRNewswire/ -- Healthcare Trust of America, Inc. ("HTA") (NYSE: HTA) announced today that its operating partnership, Healthcare Trust of America Holdings, LP ("HTALP" and, together with HTA, the "Company"), priced a $250 million offering of HTALP's 3.500% senior unsecured notes due 2026 (the "2026 Notes") and a $650 million offering of HTALP's 3.100% senior unsecured notes due 2030 (the "2030 Notes" and, together with the 2026 Notes, the "Notes") under its existing shelf registration statement. The 2026 Notes will be issued as additional notes under an indenture pursuant to which, on July 12, 2016, HTALP issued $350.0 million aggregate principle amount of 3.500% Senior Notes due 2026. The 2026 Notes were priced at 103.660% of the principal amount plus accrued interest from August 1, 2019, with a re-offer yield of 2.889%, and the 2030 Notes were priced at 99.658% of the principal amount. The closing of the offering is expected to occur on September 16, 2019, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds of this offering (i) to redeem all of HTALP's outstanding 3.375% Senior Notes due 2021 and 2.950% Senior Notes due 2022, (ii) to repay a portion of the outstanding indebtedness under its unsecured revolving credit and term loan facility and (iii) for general corporate purposes, including, without limitation, working capital and investment in real estate. BofA Securities, Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers and representatives of the underwriters for the offering. BMO Capital Markets Corp., Capital One Securities, Inc., Jefferies LLC, Morgan Stanley & Co. LLC and MUFG Securities Americas Inc. are acting as joint book-running managers for the offering. Acting as co-managers are BBVA Securities Inc., Fifth Third Securities, Inc., Regions Securities LLC and Scotia Capital (USA) Inc. A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission (the "SEC"). The offering of the Notes is being made solely by means of a prospectus supplement and the accompanying prospectus. You may obtain copies of the prospectus supplement and accompanying prospectus without charge from the SEC at www.sec.gov. Alternatively, you may request copies of these documents relating to the offering, when available, from: BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, Email: dg.prospectus_requests@baml.com; J.P. Morgan Securities LLC, Attention: Investment Grade Syndicate Desk – 3rd Floor, 383 Madison Avenue, New York, New York 10179, at telephone no. (212) 834-4533; U.S. Bancorp Investments, Inc., Attention: Credit Fixed Income, 214 N. Tryon Street, 26th Floor, Charlotte, North Carolina 28202, at telephone no. (877) 558-2607; or Wells Fargo Securities, LLC, Attention: WFS Customer Service, 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, at telephone no. (800) 645-3751 or email a request to wfscustomerservice@wellsfargo.com. 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. About Healthcare Trust of America, Inc. Healthcare Trust of America, Inc. is the largest dedicated owner and operator of medical office buildings in the United States, comprising approximately 23.3 million square feet of gross leasable area, with $6.9 billion invested primarily in medical office buildings. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations. Investments are targeted to build critical mass in 20 to 25 key markets that we believe have superior demographics that support strong, long-term demand for medical office space. HTA utilizes an integrated asset management platform consisting of on-site leasing, property management, engineering and building services, and development capabilities to create complete, state of the art facilities in each market. Headquartered in Scottsdale, Arizona, HTA has developed a national brand with dedicated relationships at the local level. Forward-Looking Statements This press release contains certain forward-looking statements. Forward-looking statements are based on current expectations, plans, estimates, assumptions and beliefs, including expectations, plans, estimates, assumptions and beliefs about the Company, stockholder value and earnings growth. The forward-looking statements included in this press release are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Company's actual results and performance could differ materially and in adverse ways from those set forth in the forward-looking statements. Factors which could have a material adverse effect on the Company's operations and future prospects include, but are not limited to:
Forward-looking statements speak only as of the date made. Except as otherwise required by the federal securities laws, the Company undertakes no obligation to update any forward-looking statements to reflect the events or circumstances arising after the date as of which they are made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements included in this press release or that may be made elsewhere from time to time by, or on behalf of, the Company. View original content to download multimedia:http://www.prnewswire.com/news-releases/healthcare-trust-of-america-announces-pricing-of-250-million-of-3-500-senior-unsecured-notes-due-2026-and-650-million-of-3-100-senior-unsecured-notes-due-2030--300912905.html SOURCE Healthcare Trust of America, Inc. |
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Company Codes: NYSE:HTA |