other material
confidence high
sentiment neutral
materiality 0.55
Healthpeak starts consent solicitation to amend $1.25B DOC notes; offers guarantee and $1/$1,000
HEALTHPEAK PROPERTIES, INC.
- Covers three series: 4.300% notes due 2027 ($400M), 3.950% due 2028 ($350M), 2.625% due 2031 ($500M).
- Consent payment of $1 per $1,000 principal to holders who consent before Feb 26, 2024 expiration.
- Amendments align covenants with Healthpeak's indentures; require majority of each series to adopt.
- If merger closes, Healthpeak and Healthpeak OP will issue unconditional guarantee of the notes.
- Solicitation agents: Barclays and Morgan Stanley; information agent: Global Bondholder Services.