Healthcare Trust of America Inc.'s operating partnership priced a two-tranche offering of $900 million of senior unsecured notes, with closing expected Sept. 16.
Healthcare Trust of America Holdings LP priced a $250 million offering of its 3.500% notes due 2026 at 103.660% of the principal amount plus accrued interest from Aug. 1, with a reoffer yield of 2.889%, and a $650 million offering of 3.100% notes due 2030 at 99.658% of the principal amount.
The healthcare real estate investment trust aims to use net proceeds to fully redeem the operating partnership's outstanding 3.375% senior notes due 2021 and 2.950% senior notes due 2022, among other uses.
BofA Securities Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are 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 also joint book-running managers, while BBVA Securities Inc., Fifth Third Securities Inc., Regions Securities LLC and Scotia Capital (USA) Inc. are co-managers.
