Quality Care Properties repays, terminates first-lien credit agreement

By Sarah Lizee

Olympia, Wash., July 27 – Quality Care Properties, Inc. repaid in full all outstanding amounts under its first-lien credit and guarantee agreement dated Oct. 31, 2016 with Barclays as administrative agent in connection with the completion of Welltower Inc.’s acquisition of Quality Care.

The repayment was made on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement and all commitments under the agreement to extend further credit were terminated.

Quality Care is an Irvine, Calif.-based health care services provider that owns and operates skilled nursing and rehabilitation centers, assisted living facilities, memory care facilities, hospice and home health agencies and outpatient rehabilitation clinics.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.