HCP has secured $1.5 billion unsecured revolving credit facility on March 11, 2011. The REIT’s new credit facility has replaced an existing loan that was scheduled to mature in August 2011. The new facility, which has a one-year committed extension option, is due to mature in 2015. Bank of America is the administrative agent, while Merrill Lynch, Pierce, Fenner & Smith and JP Morgan are joint lead arrangers and joint bookrunners.
Click here for the release from HCP.