REIT Closes $400M Credit Facility

Healthcare Realty Trust Inc., a real estate investment trust based in Nashville, Tenn., has announced the closing of a new $400 million revolving credit facility with a syndicate of 12 banks.The facility, which matures in January 2009, is priced at 0.90% over the London interbank offered rate and carries a 0.20% facility fee. Proceeds from the new facility have been used to retire the outstanding balance on the previous $300 million revolving credit facility, the REIT said. The company said it may expand the facility to $650 million within two years, subject to securing commitments from lenders, and the facility may be extended for one year. The REIT can be found on the Web at http://www.healthcarerealty.com.