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Healthcare Realty Plans $500 Million Exchangeable Note Offering

BY MT Newswires | CORPORATE | 08:19 AM EDT

08:19 AM EDT, 05/04/2026 (MT Newswires) -- Healthcare Realty Trust (HR) said Monday its operating partnership Healthcare Realty Holdings plans to issue $500 million of exchangeable senior notes due 2032 in a private offering to institutional investors, with an option to add another $75 million.

The company said the senior unsecured notes will pay interest twice a year, and mature in January 2032 unless redeemed, repurchased, or exchanged earlier.

Healthcare Realty (HR) said it plans to use net proceeds for capped call transactions aimed at reducing potential dilution, repurchase of up to about $75 million of its stock, repayment of debt including 2026 notes, with any remaining funds going toward liquidity and short-term investments.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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