The large Real Estate Investment Trust has secured a guarantee in respect of its subsidiaries' obligations under the Facility.
"We are pleased to announce this increase as it will support our acquisition and growth strategy in the coming years" stated Zeke Turner, President and Chief Executive Officer of HealthLease. "In addition it will help to further enhance our already strong financial position and provide us with increased financial flexibility."
The lending institutions participating in the Facility include BMO Capital Markets, PNC Capital Markets, National Bank of Canada, SunTrust, Siemens Financial Services, Regions Bank, Bank of America Merrill Lynch, Huntington National Bank, and Raymond James. Based on the security currently provided, HealthLease can borrow up to approximately $134.2 million under the Facility. At closing, $86.1 million was drawn on the facility.