Loan & DebtMay 19, 2026, 04:32 PM
Healthcare Realty Secures $400M Unsecured Term Loan Facility
AI Summary
Healthcare Realty Trust Incorporated and its operating partnership, Healthcare Realty Holdings, L.P., entered into a $400.0 million senior unsecured delayed draw term loan facility. The facility, which includes an accordion feature for an additional $100.0 million, matures on May 15, 2029. It allows for multiple draws over the first year and includes customary financial covenants and events of default. No borrowings were outstanding at closing, but a 0.20% commitment fee applies to unfunded amounts after 90 days.
Key Highlights
- Healthcare Realty secured a $400.0 million senior unsecured delayed draw term loan facility.
- The facility includes an accordion feature for an additional $100.0 million.
- The scheduled maturity date for the Term Loan Facility is May 15, 2029.
- Interest accrues at an annual rate based on base rate or SOFR, with initial margin of 0.90% for SOFR loans.
- A commitment fee of 0.20% per annum applies to unfunded commitments after 90 days.
- No borrowings were outstanding under the facility as of the May 15, 2026 closing date.
Price Impact
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