---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-128518"
form_type: "8-K"
ticker: "DHC"
cik: "0001075415"
company_name: "DIVERSIFIED HEALTHCARE TRUST"
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T07:44:16.824018+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Diversified Healthcare Trust issues $940.5M senior secured notes, repays credit facility, redeems 2024 notes

## Summary
- Issued $940.5M senior secured notes due 2026; net proceeds ~$732M; accrues 11.25% semiannually, no cash interest unless extension.
- Used ~$450M to repay and terminate secured credit facility; ~$250M to redeem 4.750% senior notes due 2024.
- Notes secured by first-priority lien on 95 properties valued ~$1.57B and guaranteed by certain subsidiaries.
- Company has one-year extension option to Jan 2027; interest starts at 11.25% with 50bp increases every 90 days.
- Extended right to purchase AlerisLife common shares from ABP Trust to March 31, 2024.

## SEC filing metadata
- accession: 0001104659-23-128518
- form_type: 8-K
- ticker: DHC
- cik: 0001075415
- company_name: DIVERSIFIED HEALTHCARE TRUST
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1075415/000110465923128518/0001104659-23-128518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075415/000110465923128518/tm2333482d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-128518
- JSON: https://secwatch.observer/filing/0001104659-23-128518.json
- Plain text: https://secwatch.observer/filing/0001104659-23-128518.txt

## Key facts
- Debt Financings
  DIVERSIFIED HEALTHCARE TRUST incurred senior notes of $940,534,000 with U.S. Bank Trust Company, National Association at 11.25% per annum compounded semiannually maturing January 15, 2026.
  - Instrument: senior notes
  - Principal: $940,534,000
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 11.25% per annum compounded semiannually
  - Maturity: January 15, 2026
  - Event: incurrence
  source text: completed a private offering of $940,534,000 in aggregate principal amount at maturity of senior secured notes due 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075415/000110465923128518/0001104659-23-128518-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.