Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
HR > SEC Filings for HR > Form 8-K on 30-Sep-2009All Recent SEC Filings

Show all filings for HEALTHCARE REALTY TRUST INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for HEALTHCARE REALTY TRUST INC


30-Sep-2009

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreement
The information provided in Item 2.03 below is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant On September 30, 2009, Healthcare Realty Trust Incorporated (the "Company"), entered into an amended and restated unsecured revolving credit facility (the "Credit Facility") with Bank of America, N.A., as Administrative Agent, Banc of America Securities LLC and Calyon Securities LLC, as Joint Lead Arrangers and Joint Book Runners, and the following additional lenders: JPMorgan Chase Bank, N.A; Regions Bank; Wachovia Bank; UBS Loan Finance LLC; Barclays Bank PLC; Fifth Third Bank; SunTrust Bank; Bank of Montreal; Bank of Nova Scotia; State Bank of India; Compass Bank; Pinnacle National Bank; Chang Hwa Commercial Bank, Ltd., Los Angeles Branch; and Avenue Bank. The Credit Facility amends and restates the Company's former credit facility due 2010 (the "Former Credit Facility"), under which Bank of America, N.A., served as administrative agent for the lenders.
The Credit Facility is an unsecured, $550 million, three-year revolving credit facility with sublimits for standby letters of credit and swingline loans. The Credit Facility matures on September 30, 2012. Amounts outstanding under the Former Credit Facility, totaling approximately $368 million, were repaid in full with proceeds from the new facility.
Loans outstanding under the Credit Facility will bear interest at a rate equal to (x) LIBOR or the base rate (defined as the highest of (i) the Federal Funds Rate plus 0.5%; (ii) the Bank of America prime rate and (iii) LIBOR) plus
(y) a margin ranging from 2.15% to 3.20% (currently 2.80%) for LIBOR based loans and 0.90% to 1.95% for base rate loans (currently 1.55%), based upon the Company's unsecured debt ratings. In addition, the Company pays a facility fee per annum on the aggregate amount of commitments. The facility fee is 0.40% per annum, unless the Company's credit rating falls below a BBB-/Baa3, at which point the facility fee would be 0.50%. The Credit Facility contains covenants that are customary for agreements of this type. These covenants include, among others: a limitation on the incurrence of additional indebtedness; a limitation on mergers, investments, acquisitions, redemptions of capital stock and transactions with affiliates; and maintenance of specified financial ratios. The Credit Facility contains customary provisions relating to events of default for agreements of this type. The nonpayment of any outstanding principal, interest, fees or amounts due under the Credit Facility and the failure to perform or observe covenants in the loan documents, among other things, would constitute events of default under the Credit Facility. Item 9.01 Financial Statements and Exhibits
99.1 Press release, dated September 30, 2009.


  Add HR to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for HR - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.