Brief: Diversified Healthcare Trust Announces Amendment To Credit Agreement

Diversified Healthcare Trust

15/02/2023 23:24

Feb 15 (Reuters) - Diversified Healthcare Trust  DHC.O :
    * DIVERSIFIED HEALTHCARE TRUST ANNOUNCES AMENDMENT TO CREDIT
AGREEMENT
    * DIVERSIFIED HEALTHCARE TRUST - AMENDS CERTAIN FINANCIAL
COVENANTS THROUGH MATURITY
    * DIVERSIFIED HEALTHCARE TRUST - RETAINS FLEXIBILITY TO FUND
CAPITAL EXPENDITURES
    * DIVERSIFIED HEALTHCARE TRUST - WAIVER OF FIXED CHARGE
COVERAGE
RATIO HAS BEEN EXTENDED THROUGH DATE OF MATURITY JANUARY 15,
2024
    * DIVERSIFIED HEALTHCARE TRUST - CREDIT FACILITY COMMITMENTS
HAVE
BEEN REDUCED FROM $586.4 MILLION TO $450 MILLION
    * DIVERSIFIED HEALTHCARE TRUST - MINIMUM LIQUIDITY
REQUIREMENT WAS
DECREASED FROM $200 MILLION TO $100 MILLION
    * DIVERSIFIED HEALTHCARE TRUST - IN ADDITION, AMONG OTHER
THINGS,
DHC NO LONGER HAS ABILITY TO REBORROW FUNDS

Source text for Eikon:  ID:nBw9YdpPya 
Further company coverage:  DHC.O 
 ((Reuters.Briefs@thomsonreuters.com;))