Sila Realty uses facility disposition to get rid of all floating debt

Chicago, Dec. 15 – Sila Realty Trust, Inc. divested a hospital in Webster, Tex. for $258.4 million and used the proceeds to eliminated of its outstanding variable rate debt, according to a press release.

All of the company’s remaining debt has fixed interest through interest rate swaps.

The balance of proceeds from the disposition are being used for general corporate purposes.

The real estate investment trust is based in Tampa, Fla.

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