2023-05-01 17:22:24 ET
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Healthpeak Properties ( NYSE: PEAK ) said its operating unit priced a public offering of $350 million of additional 5.250% senior unsecured notes due 2032.
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Net proceeds of the offering are expected to be about $347.7 million, including ~$5.8 million of accrued interest.
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The notes will be senior unsecured obligations of the operating company and will be fully and unconditionally guaranteed by Healthpeak.
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The notes will be issued as additional notes under the indenture for Healthpeak's prior issuance of $400 million of 5.250% senior unsecured notes due 2032.
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The notes will be treated as a single series of securities with the initial notes, will have the same CUSIP number as the initial notes and will trade interchangeably with the initial notes upon settlement.
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The offering is expected to close on May 10, 2023, subject to the satisfaction of customary closing conditions.
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Wells Fargo Securities, TD Securities, Mizuho, Barclays and RBC Capital Markets are acting as joint book-running managers for the offering.
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Net proceeds from the offering will be used to repay operating company's borrowings outstanding under its commercial paper program and for general corporate purposes.
For further details see:
Healthpeak prices operating unit's add-on notes offering of $350M