Healthcare Trust of America (HTA) Issues Statement Related to Elliott, Held Several Discussions with Firm

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Healthcare Trust of America, Inc. Issues Statement in Response to Letter from Elliott

October 11, 2021 1:42 PM EDT

SCOTTSDALE, Ariz., Oct. 11, 2021 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE: HTA) ("HTA" and "the Company") today issued the following statement in response to a letter issued by Elliott Investment Management ("Elliott").

HTA's Board of Directors and management team are committed to acting in the best interest of the Company and HTA shareholders. After we were first contacted by Elliott, members of HTA's management team and Board held several discussions with representatives of Elliott to better understand their views, and those views were immediately... More

Elliott Sends Letter to Board of Healthcare Trust of America, Inc.

October 11, 2021 12:29 PM EDT

WEST PALM BEACH, Fla., Oct. 11, 2021 /PRNewswire/ -- Elliott Investment Management L.P. and its affiliates (together "Elliott"), which is one of the largest investors in Healthcare Trust of America, Inc. ("HTA" or the "Company"), today sent a letter and an accompanying presentation to the HTA Board of Directors urging the Company to conduct a strategic review.

In the letter, Elliott highlighted HTA's long-term underperformance and an untenable status quo, as the Company's cost of capital makes it uncompetitive. Elliott also commissioned a third-party survey that shows that shareholders support its thesis that HTA... More

Healthcare Trust of America, Inc. Announces $1.3 Billion Revolving Credit and Term Loan Agreement

October 7, 2021 4:49 PM EDT

SCOTTSDALE, Ariz., Oct. 7, 2021 /PRNewswire/ -- Healthcare Trust of America, Inc. ("HTA") (NYSE: HTA) today announced that it, along with its operating partnership, Healthcare Trust of America Holdings, LP ("HTALP" and, together with HTA, the "Company"), entered into a third amended and restated $1.3 billion Revolving Credit and Term Loan Agreement (the "Credit Agreement"). The Credit Agreement consists of a $1.0 billion revolving credit facility (the "Revolver") and a $300 million term loan (the "Term Loan"). The Credit Agreement refinances the existing $1.3 billion unsecured credit agreement and will lower the Company's borrowing costs and extend maturities.

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