NHP Upgrades $700M Credit Facility

Published December 18, 2006, 3:00 p.m. EST

1 Min Read

Nationwide Health Properties Inc., Newport Beach, Calif., has closed an amended $700 million senior unsecured credit facility.The real estate investment trust said the four-year facility includes an option to extend for a fifth year. The credit facility, which replaces an existing $700 million senior unsecured facility, was jointly arranged and syndicated by J.P. Morgan Securities Inc. and Banc of America Securities LLC. The REIT can be found on the Web at http://www.nhp-reit.com.

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