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Senior Housing Properties Trust Enters $750M Bank Facility

Jun 27, 2011 | Reprints | Print

SNH_logo Newton-based REIT Senior Housing Properties Trust (SNH) has entered a new $750 million unsecured revolving credit facility.

The new facility replaces SNH’s previous $550 million unsecured revolving credit facility which had a maturity date of December 31, according to a statement. The maturity date of the new facility is June 24, 2015, and includes a borrower’s option to extend the facility for one year to June 24, 2016.

Wells Fargo Securities LLC and RBC Capital Markets LLC are the joint lead arrangers for the new facility.

Residential Real Estate