Peter Scott

Healthpeak Properties announced Monday that it has closed a new $3 billion senior unsecured revolving credit facility, which increases Healthpeak’s total revolving commitments from $2.5 billion to $3 billion while reducing the real estate investment trust’s borrowing costs. 

The transaction extends the maturity date of the credit to Jan. 20, 2026, a date that could be extended for six months two times.

Based on Healthpeak’s current credit ratings, the credit facility bears interest at a rate per annum equal to LIBOR plus 77.5 basis points (0.775%), which represents a five basis point improvement from pricing under the previous unsecured revolving credit facility, and carries a facility fee on the entire revolving commitment of 15 basis points (0.15%) per annum.

“Our successful closing of this transaction demonstrates our continued proactive approach in managing our balance sheet to support Healthpeak’s growth and drive stockholder returns, by enhancing liquidity, extending maturities and lowering borrowing costs,” Chief Financial Officer Peter Scott stated. “We appreciate our banking group’s continued support and their confidence in our company and our future.