DOC Debt offering

Healthpeak Prices Offering of $500 Million of 4.750% Senior Unsecured Notes Due 2033

Published August 05, 2025 at 09:27 PM

DENVER--(BUSINESS WIRE)--Healthpeak Properties, Inc. (“Healthpeak”) (NYSE: DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, announced today that its operating company, Healthpeak OP, LLC (the “operating company”), has priced a public offering of $500.0 million aggregate principal amount of 4.750% senior unsecured notes due 2033 (the “notes”). The notes will be senior unsecured obligations of the operating company and will be fully and uncondit

Related Questions

How does this financing move compare to recent debt offerings by peer healthcare real estate REITs? How might the note issuance influence the valuation and trading volume of Healthpeak's stock (DOC) in the short term? How will the issuance of $500 million in 4.75% senior unsecured notes affect Healthpeak's capital structure and credit metrics? What are the covenants or redemption features associated with the notes, and how could they affect liquidity or refinancing risk? What is the impact of the notes on Healthpeak's weighted average cost of capital (WACC) and overall return on equity? What is the intended use of proceeds from the note offering and how will it impact future growth or acquisitions? Will the increase in leverage from the notes put pressure on Healthpeak’s dividend payout and REIT distribution coverage ratio? Will the senior unsecured nature of the notes change the risk profile for existing bondholders or impact secondary market pricing? Could the note issuance lead to any credit rating action or outlook change from rating agencies? How does the 4.75% coupon rate compare to current market yields for similar REIT debt and to Healthpeak's existing borrowing costs?