Healthcare Trust Enters into a $118.7 million 10-Year Secured 4.5% Loan with KeyBank

4/16/18

Healthcare Trust, Inc., a public non-listed REIT which owns a $2.2 billion portfolio of medical office buildings, seniors housing facilities, post-acute care/skilled nursing and hospital properties, announced today that on April 10, 2018 certain of its subsidiaries entered into a loan agreement with KeyBank National Association which provides for a $118.7 million loan with a fixed interest rate of 4.541% and a ten-year term. The loan is secured by, among other things, mortgages on 20 of HTI's medical office buildings located in 12 states.

A portion of the proceeds from this new loan were used to repay approximately $80 million of indebtedness under an existing credit facility covering 14 of the 20 properties mentioned above, which were part of that facility's borrowing base. HTI expects to use up to $33 million of the net loan proceeds toward new acquisitions and for general corporate purposes.

We believe that the new loan benefits HTI by locking in ten-year fixed rate debt at an attractive interest rate and expanding HTI's liquidity position with up to $33 million of net proceeds available under the loan for acquisitions and general corporate purposes.

HTI also announced today it is amending its previously announced tender offer (the "Offer") in order to extend the expiration date of the tender offer from 11:59 p.m. Eastern Time, on April 30, 2018, to 11:59 p.m. Eastern Time, on May 1, 2018.

About Healthcare Trust, Inc.

Healthcare Trust, Inc. is a publicly registered, non-traded real estate investment trust which seeks to acquire a diversified portfolio of real estate properties, focusing primarily on healthcare-related assets including medical office buildings, seniors housing and other healthcare-related facilities. Additional information about HTI can be found on its website at www.healthcaretrustinc.com.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.