DRI Healthcare Trust announced that a subsidiary of the Trust has entered into a credit agreement with a syndicate of banks regarding US$200 million of revolving credit facilities. An initial draw on the Facilities will be used to fully retire the existing senior secured notes issued by a subsidiary of the Trust, with future draws expected to be used to fund future acquisitions of royalty assets. The Facilities have a three-year term and are secured by all of the assets of the Trust and most of its subsidiaries.

The lending syndicate is comprised of Canadian Imperial Bank of Commerce and HSBC Bank Canada as Co-Lead Arrangers, and includes Royal Bank of Canada, The Bank of Nova Scotia, Bank of America, N.A. Canada Branch, and National Bank of Canada.

"Obtaining these facilities is another significant milestone for DRI, providing capital and flexibility to execute our growth strategy," stated Behzad Khosrowshahi, Chief Executive Officer of DRI Healthcare Trust. "Over the past several months, we have demonstrated our ability to source attractive, accretive transactions that meet our target criteria. These new credit facilities, combined with the strong cash flow generated from our assets, positions us well to continue to act on opportunities to grow our portfolio."