Health Care REIT to repay unsecured credit facility advances via notes

By Tali Rackner

Norfolk, Va., Nov. 14 – Health Care REIT, Inc. plans to repay advances under its primary unsecured credit facility with the proceeds from a 4.5% senior unsecured note offering, according to a press release.

Proceeds will also be used for general corporate purposes, including investing in health care and seniors housing properties. Remaining proceeds may be invested in short-term, investment-grade, interest-bearing securities, certificates of deposit or indirect or guaranteed obligations of the United States.

Health Care REIT is a Toledo, Ohio-based real estate investment trust that invests in senior housing and health care real estate.

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