Healthpeak Properties recently announced it has closed a new $400 million unsecured delayed-draw term loan facility, reinforcing its balance sheet and enhancing liquidity.
The term loan matures in March 2031 and carries an interest rate based on SOFR plus 80 basis points, reflecting the company’s current credit ratings. The facility was undrawn at closing, providing additional financial flexibility for future needs.
The financing was arranged by BofA Securities, JPMorgan, and Wells Fargo Securities, with Bank of America, N.A. serving as administrative agent.
Healthpeak is a fully integrated real estate investment trust and an S&P 500 company focused on owning, operating, and developing real estate that supports healthcare discovery and delivery.
KEY QUOTE:
“This new term loan enhances our liquidity and financial flexibility and further strengthens our balance sheet. We appreciate the continued support of our bank group and their confidence in Healthpeak.”
Kelvin Moses, Chief Financial Officer, Healthpeak Properties
