Vital Healthcare's manager refinances and extends debt

Staff reporters
Fri, 01 Oct 2021

Vital Healthcare Property Trust's manager says it has secured A$315 million of new debt facilities with improved pricing and increasing the limits by A$65m.The new facilities will fully refinance existing facilities expiring in November this year and January next year.That means Vital's weighted average debt maturity has been increased by 1.4 years from 2.5 to 3.9 years.The manager, which is owned by Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, wants to increase debt tenor to more closely align with Vital&#...

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