trending Market Intelligence /marketintelligence/en/news-insights/trending/yP3WErz8aztJBvPwdJzbAg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Invesque lands US$400M senior unsecured credit facility

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition

Blog

Corporate Credit Risk Trends in Developing Markets: A Probability of Default Perspective


Invesque lands US$400M senior unsecured credit facility

Invesque Inc. secured a new US$400 million senior unsecured credit facility, comprising a US$200 million five-year term loan and a US$200 million four-year revolving line of credit.

The healthcare real estate company said the newly set up credit facility boosts the total debt capacity on its previous credit facility to US$400 million from US$300 million, with an accordion feature available to increase the size to up to US$750 million.

The company noted that the revolver comes with a one-year extension option, adding that the facility enhances its debt profile by extending the aggregate weighted average debt maturity to 4.6 years from 4.1 years, as reported at Sept. 30.

The restructuring of the facility also reduces Invesque's pricing spread by approximately 100 basis points.

KeyBanc Capital Markets, National Bank Financial Markets and BMO Capital Markets were the joint lead arrangers and joint book runners, while KeyBank National Associate served as administrative agent.