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New Issue - Health Care REIT sells $1.2 bln in 3 parts
November 28, 2012 / 4:26 PM / 5 years ago

New Issue - Health Care REIT sells $1.2 bln in 3 parts

Nov 28 (Reuters) - Health Care REIT on Tuesday sold
$1.2 billion of senior unsecured notes in three parts, said
market sources. 
    Bank of America Merrill Lynch, Deutsche Bank and UBS were
the active joint bookrunning managers for the sale.

BORROWER: HCN

TRANCHE 1
AMT $450 MLN    COUPON 2.25 PCT    MATURITY    03/15/2018   
TYPE SR NTS     ISS PRICE 99.501   FIRST PAY   09/15/2013 
MOODY'S Baa2    YIELD 2.35 PCT     SETTLEMENT  12/06/2012   
S&P  BBB-MINUS  SPREAD 170 BPS     PAY FREQ    SEMI-ANNUAL
FITCH TRIPLE-B   MORE THAN TREAS   MAKE-WHOLE CALL 25 BPS
    
TRANCHE 2
AMT $500 MLN    COUPON 3.75 PCT    MATURITY    03/15/2023   
TYPE SR NTS     ISS PRICE 99.631   FIRST PAY   09/15/2013 
MOODY'S Baa2    YIELD 3.792 PCT    SETTLEMENT  12/06/2012   
S&P  BBB-MINUS  SPREAD 215 BPS     PAY FREQ    SEMI-ANNUAL
FITCH TRIPLE-B   MORE THAN TREAS   MAKE-WHOLE CALL 30 BPS
        
TRANCHE 3
AMT $250 MLN    COUPON 5.125 PCT   MATURITY    03/15/2043  
TYPE SR NTS     ISS PRICE 99.076   FIRST PAY   09/15/2013 
MOODY'S Baa2    YIELD 5.184 PCT    SETTLEMENT  12/06/2012   
S&P  BBB-MINUS  SPREAD 240 BPS     PAY FREQ    SEMI-ANNUAL
FITCH TRIPLE-B   MORE THAN TREAS   MAKE-WHOLE CALL 35 BPS

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