trending Market Intelligence /marketintelligence/en/news-insights/trending/uydadtegzxqr3zrxcxfo3q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Universal Health Realty signs new credit agreement

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Universal Health Realty signs new credit agreement

Healthcare real estate investment trust Universal Health Realty Income Trust entered into a credit agreement that will provide an unsecured revolving credit facility of $300 million, including a $40 million sublimit for issuing standby letters of credit and a $30 million sublimit for Swingline loans.

Under the terms of the agreement, the revolving line of credit can be increased by up to a further $50 million. The amounts drawn under the new facility are guaranteed by certain units of the trust.

The new credit agreement is available on a revolving basis until March 27, 2022, with the loans under the deal to be due on the same date. However, Universal Health has the option, up to two times, to extend the revolving credit period by a further six-month period.

The new facility replaces the trust's previous credit facility, which consisted of a $250 million revolving credit facility expiring on March 26, 2019.

Proceeds will be used to refinance outstanding borrowings and letters of credit under previous credit facilities, to settle costs, fees and expenses linked with the new facility, and for working capital and other general business purposes, including permitted investments and purchases.

The amounts drawn under the credit agreement will bear interest annually at a rate equal to either London Inter-bank Offered Rate or a certain base rate, defined under the revised agreement, plus a specified margin depending on the trust's total leverage ratio.

Wells Fargo Bank NA serves as the administrative agent, while Bank of America NA acted as syndication agent. Fifth Third Bank, JPMorgan Chase Bank NA and SUNTRUST Bank served as co-documentation agents.