Senior Housing Properties files $2 billion debt, preferred, warrant, stock shelf

New York, Jan. 11 - Senior Housing Properties Trust filed a shelf registration for $2 billion of debt securities, preferred shares, trust preferred securities, common stock, warrants and depositary shares with the Securities and Exchange Commission Friday. The filing includes securities that may be issued on conversion of one of the other types of instruments registered.

The Newton, Mass. real estate investment trust said it would use proceeds for general business purposes, which may include acquiring and investing in additional properties and the repayment of borrowings on its revolving credit facility or other debt.

For the nine months to Sept. 30, 2001, Senior Housing had an earnings to fixed charge ratio of 3.0 times compared to 4.8 times for all of 2000.

Senior Housing acquires, owns and leases senior apartments, congregate care communities, assisted living properties and nursing homes.

In December, Senior Housing sold a total of $245 million of senior notes in a $200 million offering and subsequent $45 million add on. The notes were rated Ba2 by Moody's Investors Service and BB by Standard & Poor's.

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