Diversified Healthcare may pay down bank debt with notes proceeds

By Sara Rosenberg

New York, May 28 – Diversified Healthcare Trust will use proceeds from its $1 billion senior notes offering for general corporate purposes, which may include repaying the 2020 term loan as well as repaying revolving credit facility borrowings, according to a market source.

The notes were upsized from $500 million.

Diversified Healthcare is a Newton, Mass.-based owner of health care related properties, such as medical office and life science properties, senior living communities and other health care related properties.

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