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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Key Bank Agents $755MM Facility for American Realty Capital Healthcare Trust
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Lenders/Participants
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Key Bank [Administrative Agent]
JP Morgan Securities [Joint Lead Arranger]
BMO Capital Markets [Joint Lead Arranger]
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Structure
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$255MM Revolver; $500MM Term Loan
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Amount
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$755.000
Million
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Borrower(s)
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American Realty Capital Healthcare Trust, Inc.
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Description
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The $755.0 million credit facility contains a $500.0 million term loan component and a $255.0 million revolving loan component. Through an "accordion feature," ARC Healthcare, subject to certain conditions, may increase its borrowings under the term loan component of the credit facility to up to $750.0 million and under the revolving loan component to up to $450.0 million, or total borrowings of up to $1.2 billion. The Company has guaranteed the obligations under the credit facility. The Company expects to use some of the financing available under the credit facility along with cash on hand from its recently completed initial public offering to finalize its portfolio acquisitions.
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Industry
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Real Estate
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| Related Tags |
Bank of Montreal, JP Morgan Chase, Key Bank
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ABL Advisor
Deal Tables
2024
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