Healthcare Realty upsizes $600M exchangeable senior notes offering to fund debt repayment and stock repurchase

Healthcare Realty Trust Incorporated announced an upsized $600 million offering of 3.00% exchangeable senior notes due 2032, increased from $500 million. The notes, which Healthcare Realty will fully guarantee, will help repay debt, repurchase shares, and fund capped call transactions. The notes offer an initial exchange rate of 43.4660 shares per $1,000 principal, with an exchange price premium of about 17.5%. The offering is expected to settle on May 7, 2026, with net proceeds used to reduce debt and repurchase stock, supporting the company's financial strategy and shareholder value.