debt
confidence high
sentiment neutral
materiality 0.55
Healthcare Realty Trust enters $400M unsecured delayed draw term loan facility due 2029
Healthcare Realty Trust Inc
- Term Loan Agreement provides $400M senior unsecured delayed draw term loan, available until May 2027.
- Maturity date is May 15, 2029; no borrowings outstanding at closing.
- Interest rate based on SOFR plus margin tied to debt ratings (initial 0.90% for SOFR loans).
- Accordion feature allows up to $100M additional commitments subject to conditions.
- Covenants include maximum leverage and fixed charge coverage ratios; customary events of default.
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