SCOTTSDALE, Ariz., March 13, 2013 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE:HTA) ("HTA") announced that on March 7, 2013, HTA expanded its revolving credit facility from $575 million to $650 million with the addition of a credit commitment from BMO Capital Markets. The revolving credit facility was entered into in March 2012. The facility matures on March 29, 2016 and includes a one-year extension option. Other existing terms were not changed.
"The expansion of our credit facility provides us with additional liquidity and acquisition capacity as we continue to focus our company on the ownership of core critical, on-campus medical office buildings," stated Chief Financial Officer Kellie S. Pruitt. "Further, we are excited to add a quality banking relationship through the addition of BMO Capital Markets. They join a group of strong banks, led by Wells Fargo, JP Morgan, Deutsche Bank, US Bank, Capital One, and PNC Bank, and we look forward to working with them in the years to come."
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 listed its shares on the New York Stock Exchange on June 6, 2012. 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 $2.6 billion based on purchase price and is comprised of approximately 12.6 million square feet of gross leasable area located in 27 states. It operates its properties through regional offices in Scottsdale, Charleston, Atlanta, and Indianapolis.For more information on Healthcare Trust of America, Inc., please visit www.htareit.com. FORWARD-LOOKING LANGUAGE 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, stockholder value and earnings growth.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV