REIT Closes $1.15B Credit Facility

Published August 07, 2007, 2:00 p.m. EDT

1 Min Read

Health Care REIT, Toledo, Ohio, has replaced its $700 million unsecured credit facility with a $1.15 billion facility.The real estate investment trust said the revolving facility's maturity date was extended to August 2011, with an option to extend it for another year. KeyBank was the joint lead arranger and administrative agent for the modification, and Deutsche Bank Securities was the co-lead arranger and syndication agent. The company also announced that its $40 million line of credit with Fifth Third Bank has been consolidated into the new facility. The REIT can be found on the Web at http://www.hcreit.com.

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