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0 0 0 0 0 0.0100217864923746 -0.00217864923747291 0.017429193899782
Stock impact report

Diversified Healthcare Trust Amends Credit and Term Loan Agreements and Provides COVID Related Business Updates

Diversified Healthcare Trust - Common Shares of Beneficial Interest (DHC) 
Company Research Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has amended the agreements governing its $1 billion unsecured revolving credit facility and $200 million unsecured term loan, and is also providing certain business updates in light of the ongoing COVID-19 (coronavirus) pandemic.Credit Facility and Term Loan AmendmentsOn June 30, 2020, DHC amended the agreements governing its $1 billion unsecured revolving credit facility and $200 million unsecured term loan. The amendments modify certain of the financial covenants under these agreements through June 30, 2021, or the Amendment Period, during which, subject to certain conditions, DHC will continue to have access to undrawn amounts under its revolving credit facility.During the Amendment Period:DHC will be required to maintain unrestricted liquidity (unrestricted cash and undrawn availability under its revolving credit facility) of not less than $200 million;DHC’s interest rate premium Show less Read more
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