Healthcare Realty Trust (HR) announced the establishment of its inaugural commercial paper program. The program allows the company’s operating partnership, Healthcare Realty Holdings, to issue up to $600M of short-term, unsecured commercial paper notes. The notes will be sold under customary terms in the United States commercial paper note market and will rank pari passu with the Issuer’s other senior unsecured indebtedness. The notes will be fully and unconditionally guaranteed by the company and note proceeds will be used for general corporate purposes.
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