Healthcare Trust, Inc. announced that, through its subsidiaries, the Company completed a $240 million commercial mortgage-backed security loan (the "Loan") encumbered by 62 medical office buildings ("MOB") across the United States. The Loan has a 10-year term and is interest-only at 6.453%. Proceeds from the Loan were used, in part, to repay $196 million and terminate the Company's credit facility with KeyBank ("the Credit Facility").

The Company will also be terminating interest rate swap contracts put into place to hedge interest rate exposure under the Credit Facility. The remaining proceeds of approximately $39 million is available for general corporate purposes, including acquisitions. By repaying the Credit Facility with the proceeds from the Loan, HTI will no longer be subject to restrictive covenants that have been in place since 2020, which the Company believes will enhance its capacity to grow and respond to the dynamic realities of healthcare real estate in a post-COVID-19 environment.