Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Senior Housing Properties Trust > News item |
Senior Housing Properties launches $25-par senior notes due 2042
By Stephanie N. Rotondo
Phoenix, July 17 - Senior Housing Properties Trust will issue $25-par senior notes due Aug. 1, 2042, the company said in a prospectus filed with the Securities and Exchange Commission on Tuesday.
Interest will be payable on the first day of February, May, August and November, beginning Nov. 1. The notes can be called on or after Aug. 1, 2017 at par plus accrued interest.
The company will apply to list the notes on the New York Stock Exchange.
Bank of America Merrill Lynch, Citigroup Global Markets Inc., UBS Securities LLC and Wells Fargo Securities LLC are the joint bookrunning managers. Joint lead managers are Jeffries & Co. and RBC Capital Markets LLC.
Proceeds will be used to prepay the variable portion of a Federal National Mortgage Association secured term loan, to repay amounts outstanding under a revolving credit facility and for general business purposes, which may include funding possible future acquisitions of properties.
Senior Housing is a Newton, Mass.-based real estate investment fund focused on adult senior living options.
© 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.