HCP eyes benchmark senior unsecured notes due 2019 on Wednesday

By Aleesia Forni and Andrea Heisinger

Columbus, Ohio, Nov. 14 - HCP Inc. is planning a benchmark issue of senior unsecured notes due 2019 on Wednesday, according to a filing with the Securities and Exchange Commission.

Bank of America Merrill Lynch, UBS Investment Bank and Morgan Stanley & Co. LLC are the joint bookrunners.

Proceeds will be used to repay $600 million currently outstanding under the company's bank line of credit and for general corporate purposes, which may include the repayment of debt and funding of future acquisitions or investments.

The real estate investment trust for the health care industry is based in Long Beach, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.