Filed Pursuant to Rule 433
Issuer Free Writing Prospectus
dated February 10, 2016
Registration No. 333-205298
Supplementing the Preliminary
Prospectus dated February 10, 2016
and Prospectus dated June 26, 2015

 

SENIOR HOUSING PROPERTIES TRUST

 

This information supplements the information contained in the preliminary prospectus
supplement dated February 10, 2016 to the Prospectus dated June 26, 2015.

 

Pricing Term Sheet

$250,000,000 6.25% Senior Notes due 2046

 

 

 

 

 

Issuer:

 

Senior Housing Properties Trust

 

 

 

 

 

 

Expected Ratings: (Moody’s / S&P)*

 

Baa3 / BBB-

 

 

 

 

 

 

Security Type:

 

Senior Unsecured Notes

 

 

 

 

 

 

Format:

 

SEC Registered

 

 

 

 

 

 

Principal Amount:

 

$250,000,000

 

 

 

 

 

 

Overallotment Option:

 

$37,500,000

 

 

 

 

 

 

Trade Date:

 

February 10, 2016

 

 

 

 

 

 

Settlement Date:

 

February 18, 2016 (T+5)

 

 

 

 

 

 

Maturity Date:

 

February 1, 2046

 

 

 

 

 

 

Interest Payment Dates:

 

March 1, June 1, September 1 and December 1, commencing June 1, 2016

 

 

 

 

 

 

Coupon (Interest Rate):

 

6.25%

 

 

 

 

 

 

Public Offering Price:

 

$25.00 per Senior Note, plus accrued interest, if any, from the date the Senior Notes are issued, if settlement occurs after that date

 

 

 

 

 

 

Net Proceeds (before expenses and excluding overallotment option):

 

$242,137,937.50

 

 

 

 

 

 

Underwriting Commission:

 

$0.7875 per Senior Note for Retail Orders; $7,839,562.50 total; $0.50 per Senior Note for Institutional Orders; $22,500.00 total.

 

 

 

Optional Redemption Provisions:

 

The Issuer may redeem some or all of the notes at any time and from time to time on or after February 18, 2021 at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest, if any, to, but not including, the redemption date.

 

 

 

Minimum Denominations:

 

$25.00 and integral multiples of $25.00 in excess thereof

 

 

 

 

 

 

Expected Listing:

 

The Issuer intends to list the Notes on the New York Stock Exchange under the symbol “SNHO” and expects trading in the Notes on the New York Stock Exchange to begin within 30 days after the Settlement Date.

 

 

 

 



 

 

 

 

CUSIP / ISIN:

 

81721M 307 / US81721M3079

 

 

 

 

 

 

Joint Book-Running Managers:

 

Merrill Lynch, Pierce, Fenner & Smith

Incorporated

Morgan Stanley & Co. LLC

UBS Securities LLC

Wells Fargo Securities, LLC

Citigroup Global Markets Inc.

RBC Capital Markets, LLC

 

 

 

Lead Manager

 

Jefferies LLC

 

 

 

 

 

 

Co-Managers

 

BB&T Capital Markets, a division of BB&T Securities, LLC

FBR Capital Markets & Co.

Janney Montgomery Scott LLC

Oppenheimer & Co. Inc.

 

*Note: A securities rating is not a recommendation to buy, sell or hold securities.  Each rating may be subject to review, revision, suspension, reduction or withdrawal at any time and should be evaluated independently of any other rating.

 

The Issuer has filed a registration statement (including a preliminary prospectus supplement and a related prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and the related prospectus in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuer or any underwriter participating in the offering will arrange to send you the prospectus supplement and related prospectus if you request it by calling Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322; Morgan Stanley & Co. LLC toll-free 1-866 718-1649; UBS Securities LLC toll-free at 1-888-827-7275; Wells Fargo Securities, LLC toll-free at 1-800-645-3751; Citigroup Global Markets Inc. toll-free at 1-800-831-9146; and RBC Capital Markets, LLC toll-free at 1-866-375-6829.

 

Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.

 


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