Item 1.01. Entry into a Material Definitive Agreement.
On July 28, 2009, Healthcare Realty Trust Incorporated (the Company) entered into loan
application and commitment agreements (the Commitment Agreements) with Teachers Insurance and
Annuity Association of America for an aggregate of approximately $207.3 million in
mortgage financing. The loans will bear interest at the fixed rate of
7.25% per annum and will mature seven years from the date of closing
of the loans. The loans may be renewed at the Companys option for two one-year renewal periods, subject to a renewal fee of 50
basis points and other customary conditions. The loans will be subject to customary covenants,
cross-collateralization, cross-prepayment and cross-default provisions.
The
closing of the loans is expected to occur by September 30, 2009.
The closing of the loans is subject to conditions, including: the negotiation of final loan documents; that no
material adverse change has occurred to the Companys business or the properties securing the
loans; solvency of the Company and its borrowing entities; appraisals and environmental assessments
of the properties; and other conditions customary for loans of this type. The Company intends to
apply the net proceeds of the loans to amounts outstanding under its unsecured credit facility due
2010.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet
Arrangement of a Registrant.
The information set forth in Item 1.01 in this Current Report on Form 8-K is incorporated
herein by reference.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HEALTHCARE REALTY TRUST INCORPORATED |
||||
| By: | /s/ Scott W. Holmes | |||
| Executive Vice President and | ||||
| Chief Financial Officer | ||||
Date: July 29, 2009
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