HTA Expands Revolving Credit Facility to $650 Million
Healthcare Trust of America (HTA) announced that it expanded its revolving credit facility from $575 million to $650 million with the addition of a credit commitment from BMO Capital Markets. The revolving credit facility was entered into in March 2012. The facility matures on March 29, 2016 and includes a one-year extension option. Other existing terms were not changed.
“The expansion of our credit facility provides us with additional liquidity and acquisition capacity as we continue to focus our company on the ownership of core critical, on-campus medical office buildings,” stated chief financial officer Kellie S. Pruitt. “Further, we are excited to add a quality banking relationship through the addition of BMO Capital Markets. They join a group of strong banks, led by Wells Fargo, JP Morgan, Deutsche Bank, US Bank, Capital One, and PNC Bank, and we look forward to working with them in the years to come.”
Healthcare Trust of America is a fully-integrated owner of medical office buildings.