Health Care REIT plans loan paydown via new issue of 10-year notes

By Susanna Moon

Chicago, May 20 – Health Care REIT, Inc. plans to repay advances under its unsecured credit facility using proceeds of a new 10-year notes issue, according to a 424B5 filing with the Securities and Exchange Commission.

As of May 19, the outstanding balance was $680 million under the primary unsecured credit facility.

Proceeds also will be used for general corporate purposes, including investing in health care and seniors housing properties.

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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