Seeking Alpha

Health Care REIT closes on boosted credit facility

  • The $3.23B unsecured credit facility replaces the previous one of $2.98B. The new financing consists of a $2.5B revolver, a $500M term loan and a C$250M term loan.
  • The facility matures in October 2018 and can be extended for another year at the company's option. The revolver bears an interest rate of Libor plus 105 bps, with an annual facility fee of 20 bps.
  • Source: Press Release
  • HCN -0.75%
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