secwatch.observer — SEC 8-K summary
======================================

Issuer:     Healthcare Realty Trust Inc (HR)
CIK:        0001360604
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001360604-26-000045
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1360604/000136060426000045/0001360604-26-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1360604/000136060426000045/hr-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001360604-26-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer