DALLAS: Health Care REIT, Inc. has announced it has successfully completed its offering of $750 million in aggregate principal amount of 4.0% senior unsecured notes due June 1, 2025. The notes were priced at 99.926% of their face amount to yield 4.009%.
“Following our successful first quarter equity offering, this transaction demonstrates HCN’s continued access to low-cost capital. Driven by strong investor demand, this represents the largest single tranche U.S. debt offering in the Company’s history,” said Scott Estes, HCN’s Chief Financial Officer.
The company intends to use the net proceeds from this offering to repay advances under its primary unsecured credit facility and for general corporate purposes, including investing in health care and seniors housing properties in this country…