HCP Prices $2.4 Billion In Unsecured Notes For HCR ManorCare Acquisition

HCP (NYSE:HCP) announced Thursday that it has priced $2.4 billion in senior unsecured notes to be used as part of the cash consideration for its previously announced HCR ManorCare acquisition.  The offering, which is expected to close on Monday, January 24, 2011, will have a weighted average maturity of 10.3 years and a weighted average yield of 4.831%.