Senior Housing Properties Trust, Newton, Mass., has increased its $250 million unsecured revolving credit facility to $550 million and extended its maturity to 2009.The real estate investment trust said the facility includes an option to increase the amount to $1.1 billion under certain circumstances and to extend it for another year. The initial interest rate is 100 basis points over the London interbank offered rate, compared with LIBOR plus 145 bps on the previous facility. Wachovia Securities Inc. was the sole lead arranger for the modification of the facility. The REIT can be found on the Web at http://www.snhreit.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry