HashiCorp (NASDAQ:HCP) Amends and Extends Credit Facility

On December 9, 2024, HashiCorp, operating under the name Healthpeak Properties, Inc., a Maryland corporation involved in real estate for healthcare discovery and delivery, announced the signing of a Third Amended and Restated Credit Agreement. The agreement, entered into between Healthpeak Properties, Inc. and its operating company Healthpeak OP, LLC, among others, extends the maturity of the company’s $3.0 billion senior unsecured revolving credit facility.

Under the newly executed Amended Revolving Credit Agreement, certain amendments were made, continuing the Company’s ability to increase borrowing capacity up to $3.75 billion at its discretion, provided no default or event of default exists. The facility is set to mature on January 19, 2029, with options for extensions for up to two additional six-month periods under specified conditions.

Loans obtained through the Revolving Facility incur interest based on the applicable margin, offering flexibility with interest rate options like the base rate or SOFR. Additionally, the agreement allows for the establishment of a sustainability-linked pricing component to adjust the applicable margin based on sustainability achievement.

Moreover, conforming amendments were made to existing term loan facilities to align with the terms of the Amended Revolving Credit Agreement. These amendments did not alter the maturity date, pricing, or amount of term loans under these agreements.

The agreements contain representations, warranties, covenants, and other provisions consistent with previous arrangements, subject to amendments set forth in the Exhibits provided. The Company’s obligations under the Amended Credit Agreements rank equally with other unsecured, unsubordinated general obligations.

Following the announcement, HashiCorp disclosed these agreements in a press release issued on December 9, 2024. The news highlighted the successful completion of the Credit Facility extension, reflecting support from lenders and the Company’s commitment to creating long-term value for shareholders.

Bank of America, N.A., JPMorgan Chase Bank, N.A., and Wells Fargo Securities, LLC arranged the Credit Facility, with Bank of America, N.A. serving as the Administrative Agent. The Company expressed gratitude for the backing received from its lender group, indicating their overwhelming commitment and confidence in the Company’s financial stability and growth initiatives.

HashiCorp continues to emphasize its position as a significant player in the real estate investment trust sector, focusing on healthcare-related properties. For further information about HashiCorp and its operations, interested parties can visit www.healthpeak.com.

Finally, further details and specifics regarding the agreements can be accessed in the full text of the Amended Revolving Credit Agreement attached to HashiCorp’s recent Form 8-K filing with the Securities and Exchange Commission.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read HashiCorp’s 8K filing here.

About HashiCorp

HashiCorp, Inc engages in the provision of multi-cloud infrastructure automation solutions worldwide. The company offers infrastructure provisioning products, including Terraform, that enables IT operations teams to apply an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; Packer, that provides a consistent way to define the process of transforming the raw source inputs into a production worthy artifact, across any environment or packaging format; and Vagrant, that allows teams to define how development environments are set up.