Senior Housing Trust Raises $250M
Senior Housing Properties Trust has raised $250 million in a sale of unsecured senior notes.
Senior Housing Properties Trust has raised $250 million in a sale of unsecured senior notes. The REIT plans to use the proceeds to repay borrowings under its revolving credit facility and for general business purposes, which may include funding possible future purchases of properties.
The notes carry a coupon rate of 4.30% and are due to mature on Jan. 15, 2016. UBS Securities, Citigroup Global Markets, RBC Capital Markets and Wells Fargo Securities were the joint book-running managers for the deal.
Click here for the release from Business Wire.