debt
confidence high
sentiment neutral
materiality 0.30
Healthpeak prices $500M 5.375% senior notes due 2035; net proceeds ~$494.5M
HEALTHPEAK PROPERTIES, INC.
- Offering of $500M aggregate principal amount of 5.375% senior unsecured notes maturing in 2035.
- Price to investors set at 99.549% of principal; estimated net proceeds of ~$494.5M after underwriting discount.
- Net proceeds to repay commercial paper borrowings and for general corporate purposes including acquisitions and capex.
- Notes guaranteed jointly and severally by Healthpeak, DOC DR Holdco, and DOC DR LLC; expected to close Feb 14, 2025.
- Joint book-running managers: Wells Fargo, BNP Paribas, Goldman Sachs, PNC Capital Markets, and TD Securities.