Healthcare Realty Trust Announces The Repricing And Extension Of Its $700 Million Unsecured Revolving Credit Facility
NASHVILLE, Tenn., Feb. 18, 2013 /PRNewswire/ -- Healthcare Realty Trust Incorporated (NYSE: HR) today announced that it has entered into an amendment to its $700 million unsecured revolving credit facility. The amendment reduces the current pricing of the facility from 1.50% over LIBOR, with a 0.35% facility fee, to 1.40% over LIBOR, with a 0.30% facility fee. The amendment also extends the maturity date of the facility from October 14, 2015 to April 14, 2017, and the maturity date may be extended until April 14, 2018 at the Company's option for a fee equal to 0.15% of the total commitments.
The facility includes a syndicate of 15 banks with Wells Fargo Securities, LLC and J.P. Morgan Securities LLC, as Joint Lead Arrangers and Joint Bookrunners. Wells Fargo Bank, N.A., will act as the Administrative Agent, JPMorgan Chase Bank, N.A., as the Syndication Agent and Barclays Bank PLC and Credit Agricole Corporate and Investment Bank, as Co-Documentation Agents.
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing 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 $2.9 billion in 201 real estate properties and mortgages as of September 30, 2012. The Company's 195 owned real estate properties are located in 28 states and total approximately 13.3 million square feet. The Company provides property management services to approximately 10.2 million square feet nationwide.
The Company directs interested parties to its Internet site, www.healthcarerealty.com, where information is posted regarding this quarter's operations. Please contact the Company at 615.269.8175 to request a printed copy of this information.
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, 2011 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 statements.
SOURCE Healthcare Realty Trust Incorporated