Healthpeak Properties (PEAK) has released an update.
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Healthpeak Properties, Inc. has announced the commencement of a consent solicitation process for holders of certain Senior Notes due between 2027 and 2031, related to its merger with Physicians Realty Trust. This process seeks to amend terms within the indentures and to offer guarantees from Healthpeak Properties and its subsidiary, along with a cash payment for consents received by the specified deadline. The success of this solicitation is contingent upon acquiring the majority consent from note holders and is integral to the merger’s completion, promising an irrevocable guarantee of payment and other amended covenant terms in line with the company’s current practices.
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