Healthcare Trust of America Inc.'s operating partnership priced a $500 million offering of 3.750% senior unsecured notes due 2027 and a $400 million offering of 2.950% senior unsecured notes due 2022.
The 2027 notes and 2022 notes were priced at 99.492% and 99.938% of their principal amounts, respectively. The company expects to close the offering June 8.
The company plans to use the net proceeds to partially repay the outstanding debt under its revolving credit and term loan facility, to finance a portion of its $2.75 billion acquisition of Duke Realty Corp.'s portfolio of medical office buildings and its medical development platform, and for general corporate purposes.
Wells Fargo Securities LLC, J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc. and Jefferies LLC are the joint book-running managers for the offering.
Fifth Third Securities Inc., BMO Capital Markets Corp., MUFG Securities Americas Inc., Capital One Securities Inc., Scotia Capital (USA) Inc., BBVA Securities Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC and Regions Securities LLC are the co-managers.