debt
confidence high
sentiment neutral
materiality 0.40
Healthpeak prices $350M add-on of 5.250% senior notes due 2032; net proceeds ~$347.7M
HEALTHPEAK PROPERTIES, INC.
- Add-on issuance increases total outstanding 5.250% notes due 2032 to $750M.
- Price to investors 98.356% of par; net proceeds ~$347.7M including ~$5.8M accrued interest.
- Proceeds to repay commercial paper borrowings and for general corporate purposes.
- Expected close May 10, 2023; joint book-runners: Wells Fargo, TD, Mizuho, Barclays, RBC.
- Notes are senior unsecured obligations, fully guaranteed by Healthpeak, due 2032.