New Issue: Healthcare Trust sells $350 million 3.5% 10-year senior notes with 215 bps spread

By Cristal Cody

Eureka Springs, Ark., July 7 – Healthcare Trust of America Holdings, LP sold $350 million of 3.5% 10-year senior notes with a spread of 215 basis points over Treasuries on Thursday, according to an FWP filing with the Securities and Exchange Commission.

The notes (Baa2/BBB) priced at 99.721 to yield 3.533%.

U.S. Bancorp Investments Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and Jefferies LLC were the bookrunners.

The notes are fully and unconditionally guaranteed by Healthcare Trust of America, Inc.

Proceeds will be used to repay debt under the company’s revolving credit and term loan facility and for general corporate purposes, including working capital and investment in real estate.

The real estate investment trust for medical office buildings is based in Scottsdale, Ariz.

Issuer:	Healthcare Trust of America Holdings, LP
Guarantor:	Healthcare Trust of America, Inc.
Amount:	$350 million
Maturity:	Aug. 1, 2026
Securities:	Senior notes
Bookrunners:	U.S. Bancorp Investments Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Jefferies LLC
Co-managers:	BBVA Securities Inc., BMO Capital Markets Corp., Capital One Securities, Inc., Fifth Third Securities, Inc., MUFG, Scotia Capital (USA) Inc.
Coupon:	3.5%
Price:	99.721
Yield:	3.533%
Spread:	215 bps over Treasuries
Call feature:	Make-whole call at Treasuries plus 35 bps; on or after May 1, 2026 at par
Trade date:	July 7
Settlement date:	July 12
Ratings:	Moody’s: Baa2
	S&P: BBB
Distribution:	SEC registered

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