SCOTTSDALE, ARIZONA — September 14, 2020 — Healthcare Trust of America, Inc. (“HTA”) (NYSE: HTA) announced today that its operating partnership, Healthcare Trust of America Holdings, LP (“HTALP” and, together with HTA, the “Company”), priced a $800 million offering of HTALP’s 2.000% senior unsecured notes due 2031 (the “2031 Notes”) under its existing shelf registration statement. The 2031 Notes were priced at 99.196% of the principal amount. The closing of the offering is expected to occur on September 28, 2020, subject to the satisfaction of customary closing conditions.
The Company intends to use the net proceeds of this offering (i) to redeem all of HTALP’s outstanding 3.70% Senior Notes due 2023, (ii) to repay a portion of the outstanding indebtedness under its unsecured revolving credit and term loan facility and (iii) for general corporate purposes, including, without limitation, working capital and investment in real estate.
Jefferies LLC, J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers and representatives of the underwriters for the offering. BofA Securities, Inc., BMO Capital Markets Corp., Capital One Securities, Inc., Morgan Stanley & Co. LLC and MUFG Securities Americas Inc. are acting as joint book-running managers for the offering. Acting as co-managers are BBVA Securities Inc., Fifth Third Securities, Inc., Regions Securities LLC and Scotia Capital (USA) Inc.
A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission (the “SEC”). The offering of the Notes is being made solely by means of a prospectus supplement and the accompanying prospectus. You may obtain copies of the prospectus supplement and accompanying prospectus without charge from the SEC at www.sec.gov. Alternatively, you may request copies of these documents relating to the offering, when available, from (i) Wells Fargo Securities, LLC by calling 1-800-645-3751, (ii) Jefferies by calling 1-877-877-0696, (iii) J.P. Morgan Securities LLC by calling collect 1-212 834 4533, or (iv) U.S. Bancorp Investments, Inc. by calling 1-877-558-2607.
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 jurisdiction in which such offer, solicitation, or sale would be unlawful under the securities laws of any such jurisdiction.
About Healthcare Trust of America, Inc.
Healthcare Trust of America, Inc. is the largest dedicated owner and operator of medical office buildings in the United States, comprising approximately 24.9 million square feet of gross leasable area, with $7.3 billion invested primarily in medical office buildings as of June 30, 2020. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations. Investments are targeted to build critical mass in 20 to 25 leading gateway markets that generally have leading university and medical institutions which translates to superior demographics, high-quality graduates, intellectual talent and job growth. The strategic markets HTA invests in support a strong, long-term demand for quality medical office space. HTA utilizes an integrated asset management platform consisting of on-site leasing, property management, engineering and building services, and development capabilities to create complete, state of the art facilities in each market. This drives efficiencies, strong tenant and health system relationships, and strategic partnerships that result in high levels of tenant retention, rental growth and long-term value creation. Headquartered in Scottsdale, Arizona, HTA has developed a national brand with dedicated relationships at the local level.
This press release contains certain forward-looking statements. Forward-looking statements are based on current expectations, plans, estimates, assumptions and beliefs, including expectations, plans, estimates, assumptions and beliefs about the Company, stockholder value and earnings growth.
The forward-looking statements included in this press release are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Company’s actual results and performance could differ materially and in adverse ways from those set forth in the forward-looking statements. Factors which could have a material adverse effect on the Company’s operations and future prospects include, but are not limited to:
Forward-looking statements speak only as of the date made. Except as otherwise required by the federal securities laws, the Company undertakes no obligation to update any forward-looking statements to reflect the events or circumstances arising after the date as of which they are made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements included in this press release or that may be made elsewhere from time to time by, or on behalf of, the Company.
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