WASHINGTON (dpa-AFX) - HCP, Inc. (HCP) said Wednesday that it has priced an offering of $450 million of 3.75% senior unsecured notes due 2019. The company said the offering size was increased in response to investor demand. The price to the investors was 99.523% of the principal amount of the notes for an effective yield of 3.83%. The net proceeds of the offering will be about $443.7 million, which will be used to repay borrowings under the company's revolving credit facility and for general corporate purposes. The offering is expected to close on January 23.
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