Healthpeak prices $400M notes offering
Jan. 09, 2023 4:27 PM ETHealthpeak Properties, Inc. (PEAK)By: Liz Kiesche, SA News Editor
- Healthpeak Properties (NYSE:PEAK) has priced a public offering of $400M of 5.250% senior unsecured notes due 2032 and will use the expected $396.9M of proceeds to repay a portion of the healthcare REIT's outstanding commercial paper and for general corporate purposes, it said Monday.
- The price to investors was 99.883% of the principal amount of the notes. The offering is expected to close on Jan. 17, 2023.
- Wells Fargo Securities, BofA Securities, PNC Capital Markets, Scotiabank, and Truist Securities are acting as joint book-running managers for the offering.
- In November, Healthpeak (PEAK) boosted the lower end of its year guidance after Q3 earnings came in line with Wall Street expectations.