Healthcare Realty prices upsized $600M exchangeable notes at 3.00%, repays 2026 notes

Healthcare Realty Trust Inc

Offer upsized from $500M to $600M; initial purchasers have option for additional $100M.
3.00% coupon, maturity Jan 15, 2032; initial exchange price ~$23.01 (17.5% premium to $19.58).
Net proceeds ~$582.6M; $75M to repurchase ~3.83M shares, remainder to repay 3.5% senior notes due 2026.
$24M used for capped call transactions; cap price ~$27.41 (40% premium) to reduce dilution.
Settlement expected May 7, 2026; notes are exchangeable into cash and shares of HR common stock.

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