NASHVILLE, Tenn., Dec. 8, 2010 /PRNewswire-FirstCall/ -- Healthcare
Realty Trust Incorporated (NYSE: HR) today announced that it has
priced $400 million of 5.75% senior
unsecured notes due 2021 at 99.20% of the principal amount.
Subject to customary closing conditions, the offering is
expected to close on December 13,
2010.
The Company expects the proceeds from the offering will be used
to repay, at maturity, the Company's 8.125% senior unsecured notes
due May 1, 2011, to repay borrowings
under its unsecured credit facility, and for other general
corporate purposes.
Barclays Capital Inc. and UBS Securities LLC served as Active
Book-Running Managers for the offering. The offering is made
pursuant to the Company's shelf registration statement on file with
the Securities and Exchange Commission. The offering is made
solely by means of a prospectus supplement and accompanying
prospectus. Credit Agricole Securities (USA) Inc., J.P. Morgan Securities Inc.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Morgan Keegan & Company, Inc.,
and Wells Fargo Securities, LLC were Passive Book-Running Managers.
Fifth Third Securities, Inc. and SunTrust Robinson Humphrey,
Inc. served as Senior Co-Managers and BMO Capital Markets Corp. and
Scotia Capital (USA) Inc. served
as Co-Managers. Interested parties may obtain a prospectus
supplement and accompanying prospectus relating to the senior notes
offering from Barclays Capital Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847,
e-mail: barclaysprospectus@broadridge.com or UBS Securities LLC,
299 Park Avenue, New York, NY
10171, Attention: Prospectus Specialist, telephone: 877-827-6444,
ext. 561 3884.
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 state in which such offer, solicitation,
or sale would be unlawful under the securities laws of any such
state.
Healthcare Realty Trust is a real estate investment trust that
integrates owning, managing 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 $2.4
billion in 209 real estate properties and mortgages as of
September 30, 2010, excluding assets
classified as held for sale and including an investment in one
unconsolidated joint venture. The Company's 202 owned real
estate properties, excluding assets classified as held for sale,
are comprised of six facility types, located in 28 states, totaling
approximately 13.0 million square feet. The Company provides
property management services to approximately 9.0 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.
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, 2009 under the heading "Risk
Factors." and as updated in its Quarterly Reports on Form
10-Q filed thereafter. 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