NEW YORK, Oct. 6, 2021 /PRNewswire/ -- Healthcare
Trust, Inc. ("HTI" or the "Company") today announced that the
Company successfully completed its previously announced
$80 million Series B Cumulative Redeemable Perpetual Preferred
Stock Offering (the "Series B Preferred"). The Series B Preferred
has a coupon rate of 7.125% and received an investment grade rating
of BBB- by Egan-Jones Ratings Company.
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"I am very pleased with the success our team and our banking
partners achieved with this offering, which was upsized to
$80 million from $50 million and completed at a lower coupon than
our prior Series A offering," said Michael
Weil, CEO of HTI. "Obtaining an investment grade rating on
the Series B Preferred is an accomplishment that reflects the high
quality of the HTI portfolio and is a testament to the hardworking
team that continues to build, optimize, operate and manage our
medical office buildings and seniors housing facilities. This
offering further diversifies HTI's balance sheet and builds
awareness of HTI in the market."
The Company used the net proceeds from this offering to repay
amounts outstanding under the Company's revolving credit facility
as required thereunder. Subject to the terms and conditions set
forth in the revolving credit facility, the Company may then draw
on the revolving credit facility to borrow any amounts so repaid
for general corporate purposes, including purchases of additional
properties.
About Healthcare Trust, Inc.
Healthcare Trust, Inc. is a publicly registered real estate
investment trust focused on acquiring a diversified portfolio of
healthcare real estate, with an emphasis on seniors housing and
medical office buildings, located in the United States. Additional information about
HTI can be found on its website
at www.healthcaretrustinc.com.
Important Notice
The statements in this press release that are not historical
facts may be forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause the
outcome to be materially different. In addition, words such as
"may," "will," "seeks," "anticipates," "believes," "estimates,"
"expects," "plans," "intends," "should" or similar expressions
indicate a forward-looking statement, although not all
forward-looking statements include these words. A securities rating
is not a recommendation to buy, sell or hold securities and may be
subject to revision or withdrawal at any time. Each rating agency
has its own methodology for assigning ratings and, accordingly,
each rating should be evaluated independently of any other
rating. Actual results may differ materially from those
contemplated by such forward-looking statements, including those
set forth in the Risk Factors section of HTI's registration
statement on Form S-11 and other reports filed with the
Commission. Further, forward-looking statements speak only as of
the date they are made, and HTI undertakes no obligation to
update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results over time, unless required by law.
Contact
Investors and Media:
Email:
investorrelations@ar-global.com
Phone: (866) 902-0063
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SOURCE Healthcare Trust, Inc.