Healthpeak Properties Closes $400 Million Unsecured Delayed-Draw Term Loan Facility

DENVER — Healthpeak, Inc. (NYSE: DOC) has closed on a new $400 million unsecured delayed-draw term loan facility, the company announced March 23, 2026. The facility matures in March 2031 and was undrawn at closing.

Loan Terms and Financing Structure

Borrowings under the term loan bear interest at SOFR plus 80 basis points, based on Healthpeak's current credit ratings. The unsecured term loan facility was arranged by BofA Securities, JPMorgan, and Wells Fargo as joint bookrunners. Bank of America, N.A. serves as administrative agent on the transaction.

"This new term loan enhances our liquidity and financial flexibility and further strengthens our balance sheet," said Kelvin Moses, Chief Financial Officer of Healthpeak. "We appreciate the continued support of our bank group and their confidence in HealthPeak."

Company Overview

Healthpeak Properties is a fully integrated real estate investment trust (REIT) and S&P 500 company. The company owns, operates, and develops real estate focused on healthcare discovery and delivery. Healthpeak is headquartered in Denver, Colorado.

Lender Group Details

The unsecured term loan facility was arranged through a bank group comprising BofA Securities, JPMorgan, and Wells Fargo Securities as joint bookrunners. Bank of America, N.A. holds the administrative agent role.

As an unsecured facility, the loan is not collateralized by specific properties. The term loan matures in March 2031, five years from the March 23, 2026 closing date.

Investor relations inquiries may be directed to Andrew Johns, CFA, Senior Vice President of Finance and Investor Relations, at 720-428-5400.