| |
property for sale in costa blanca costa de la luz spain
News and Information Article
NEWPORT BEACH, Calif., Dec. 15 /-FirstCall/ -- Nationwide
Health Properties, Inc. (NYSE: NHP), announced today the closing of its
amended $700 million revolving senior unsecured credit facility with a four
year maturity and an option on our part to extend for one year. This credit
facility replaces the companys existing $700 million senior unsecured
credit facility, $600 million of which was due to mature on October 20,
2008 and $100 million of which was due to mature on October 20, 2010.
The amendment provides for a reduction of 10 basis points in the
pricing of the facility. It also segregates the portfolio by asset type and
reduces the capitalization rate for purposes of calculating various debt
covenants. Certain covenants and other terms in the facility were also
amended to reflect current market conditions and provide more flexibility.
The new facility was jointly arranged and syndicated by J.P. Morgan
Securities Inc. and Banc of America Securities LLC. JPMorgan Chase Bank,
N.A. will serve as the Administrative Agent and Bank of America, N.A. will
serve as the Syndication Agent. Calyon, Key Bank, UBS and Wells Fargo are
Co-Documentation Agents and LaSalle Bank, SunTrust Bank and Wachovia are
Co-Managing Agents. Twelve other institutions also participate in the
credit facility.
Nationwide Health Properties, Inc. is a real estate investment trust
that invests in senior housing and long-term care facilities. The Company
has investments in 480 facilities in 42 states. For more information on
Nationwide Health Properties, Inc. visit our website at
http://www.nhp-reit.com.
Certain information contained in this news release includes forward-
looking statements. Forward-looking statements include statements regarding
our expectations, beliefs, intentions, plans, objectives, goals,
strategies, future events or performance and underlying assumptions and
other statements which are not statements of historical facts. These
statements may be identified, without limitation, by the use of
forward-looking terminology such as "may," "will," "anticipates,"
"expects," "believes," "intends," "should" or comparable terms or the
negative thereof. All forward-looking statements included in this news
release are based on information available to us on the date hereof. These
statements speak only as of the date hereof, and we assume no obligation to
update such forward-looking statements for any reason or to update the
reasons actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes available
in the future. These statements involve risks and uncertainties that could
cause actual results to differ materially from those described in the
statements. These risks and uncertainties include (without limitation) the
following: deterioration in the operating results or financial condition,
including bankruptcies, of our tenants; occupancy levels at certain
facilities; changes in the ratings of our debt securities; access to the
capital markets and the cost of capital; government regulations, including
changes in the reimbursement levels under the Medicare and Medicaid
programs; the general distress of the health care industry; the effect of
economic and market conditions and changes in interest rates; the amount
and yield of any additional investments; our ability to meet acquisition
goals, including the achievement of the anticipated benefits from the
Hearthstone acquisition; the ability of our operators to repay deferred
rent or loans in future periods; the ability of our operators to obtain and
maintain adequate liability and other insurance; our ability to attract new
operators for certain facilities; our ability to sell certain facilities
for their book value; changes in or inadvertent violations of tax laws and
regulations and other factors that can affect real estate investment trusts
and our status as a real estate investment trust; and the risk factors
described in our Annual Report on Form 10-K filed with the SEC on February
8, 2006 and our quarterly report on Form 10-Q filed with the SEC on
November 1, 2006.
CONTACT: Abdo H. Khoury
Chief Financial & Portfolio Officer
(949) 718-4400
s.server=server()
s.channel="News Release"
s.pageName="NHP Upgrades Its $700 Million Unsecured Credit Facility"
s.prop2="109"
s.prop3="12-15-2006"
s.prop4=""
s.prop5=""
/************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/
var s_code=s.t();if(s_code)document.write(s_code);
| |
|
|
 |
property for sale in costa blanca costa de la luz spain |
|
|
|
|
|
|
|
|
|
Locations
