November 15, 2012 at 13:30 PM EST
TEXT - Fitch rates HCP Inc notes 'BBB+'
Nov 15 - Fitch Ratings has assigned a 'BBB+' rating to the $800 million 2.625% senior notes due 2020 issued by HCP, Inc. (NYSE: HCP). The notes were priced at 99.729% of par to yield 2.667%. Net proceeds from the offering are expected to be used to repay amounts outstanding on bank credit facility related to the previously announced $1.73 billion senior housing acquisition. Proceeds may also be used for general corporate purposes including the repayment of 2013 debt maturities and future
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