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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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
5h ago -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
7h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
7h ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
9h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
10h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18