Healthcare REIT Gets Pricing and Triple B Rating For $300 Million Offering

Health Care REIT, Inc. (NYSE:HCN) recently announced that it has priced an offering of $300 million of 6.125% senior unsecured notes due April 15, 2020. The notes were priced at 99.297% of their face amount to yield 6.22% and the offering is expected to close on April 7, 2010.  Fitch Ratings has assigned a ‘BBB’ rating to the $300 million 6.125% senior unsecured notes and the Rating Outlook is Stable.  The company intends to use the net proceeds from this offering for general corporate purposes, including investing in health care and senior housing properties and repaying borrowings under its unsecured line of credit and other outstanding indebtedness.