NHP Closes $700M Credit Facility

Published October 21, 2005, 2:00 p.m. EDT

1 Min Read

Nationwide Health Properties Inc., Newport Beach, Calif., has closed a new $700 million senior unsecured credit facility.The real estate investment trust said the facility includes a three-year $600 million revolving facility (with an option to extend for a fourth year) and a $100 million term loan. The credit facility replaces the company's $400 million senior unsecured facility. The new facility was jointly arranged and syndicated by Banc of America Securities LLC and J.P. Morgan Securities Inc. The REIT can be found on the Web at http://www.nhp-reit.com.

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