Healthcare Realty issues $700 million of 3.00% exchangeable senior notes due 2032
Healthcare Realty Holdings, L.P., a subsidiary of Healthcare Realty Trust, issued $700 million of 3.00% exchangeable senior notes on May 7, 2026, including $100 million from the initial purchasers' full exercise of their option. The company fully and unconditionally guaranteed the notes, which are senior and unsecured, so the debt adds to the company's obligations for shareholders to consider.
Key points
- Total principal of $700 million, including $100 million from the full exercise of the initial purchasers' option; notes mature January 15, 2032
- Interest of 3.00% per year, paid semi-annually on January 15 and July 15, starting January 15, 2027
- Initial exchange price of approximately $23.01 per share, equal to 43.4660 shares per $1,000 principal; the issuer may settle exchanges in cash or in cash and common stock
- Company agreed to file a resale registration statement, with an effectiveness deadline of 180 days after the notes were first issued
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.