debt
confidence high
sentiment neutral
materiality 0.65
DHC issues $375M 7.25% senior secured notes due 2030; partially redeems 2026 notes
DIVERSIFIED HEALTHCARE TRUST
- Completed private offering of $375M aggregate principal amount of 7.250% senior secured notes due 2030.
- Net proceeds ~$365.9M; used ~$307M to partially redeem outstanding 2026 senior secured notes.
- Notes guaranteed by subsidiaries owning 36 fee-owned properties, secured by equity interests in those subsidiaries.
- Remaining net proceeds to be used for fees and general business purposes.