Senior Housing Properties pulls planned $300 million 10-year notes

By Aleesia Forni

Virginia Beach, July 16 – Senior Housing Properties Trust pulled a planned $300 million offering of senior notes due 2025 on Thursday, according to a market source.

The issue was slated to price on Thursday.

The company planned to use the proceeds to repay amounts outstanding under its revolving credit facility and for general business purposes, including funding acquisitions.

The joint bookrunners were Citigroup Global Markets Inc., RBC Capital Markets LLC, UBS Securities LLC and Wells Fargo Securities LLC.

The real estate investment trust is based in Newton, Mass.

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