July 20, 2012
/PRNewswire/ --Healthcare Trust of America, Inc. (NYSE: HTA) ("HTA") is pleased to announce the closing of a new
senior unsecured, 7-year term loan (the "Term Loan"). This facility was successfully upsized from the original target of
in response to significant lender demand. Proceeds will be used to fund the repurchase of shares under the recently closed tender offer, acquisitions and for other corporate purposes.
The Term Loan will mature in
and will be initially priced at LIBOR plus 200 bps, based on HTA's current investment grade ratings. HTA intends to swap the entire
to a fixed rate, with
effectively fixed at 3.39% per annum at closing. The Term Loan will bring HTA's weighted average borrowing cost down to 4.2% per annum, assuming the entire amount is fixed at this rate, a decrease from 5.05% per annum at the end of 2011
Wells Fargo Securities, LLC served as the Lead Arranger and Wells Fargo Bank, N.A. will serve as the Administrative Agent. Capital One, N.A. and PNC Bank served as Co-Documentation Agents. Huntington National Bank and National Bank of
, N.A. also participated in the facility
"The new Term Loan is further reflection of the access to capital afforded to HTA as a result of its recent listing on the NYSE and by its investment grade credit profile. This facility will allow HTA to lock in today's low rates and further extend maturities, while preserving HTA's liquidity and capacity for growth," stated
Kellie S. Pruitt
, Chief Financial Officer at HTA. "We are pleased with the interest shown by these leading financial institutions in expanding their relationship with HTA."
About Healthcare Trust of America, Inc.
Healthcare Trust of America, Inc. (NYSE:HTA), a publicly traded real estate investment trust, is a fully-integrated, leading owner of medical office buildings. HTA is a full-service real estate company focused on acquiring, owning and operating high-quality medical office buildings that are located on the campuses of nationally recognized healthcare systems in the major U.S. metropolitan areas. Since its formation in 2006, HTA has built a portfolio of properties that totals approximately
based on purchase price and is comprised of approximately 12.4 million square feet of gross leasable area. As of
June 30, 2012
, HTA's portfolio consisted of 245 medical office buildings and 19 other facilities that serve the healthcare industry, as well as two portfolios of mortgage loans receivable secured by medical office buildings located in 26 states. For more information on HTA, please visit
This press release contains certain forward-looking statements. Forward-looking statements are based on current expectations, plans, estimates, assumptions and beliefs, including expectations, plans, estimates, assumptions and beliefs about HTA, the real estate industry and the debt and equity capital markets. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.