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Stock impact report

Diversified Healthcare Trust Prices $375 Million of Senior Secured Notes Due October 2030

Diversified Healthcare Trust - Common Shares of Beneficial Interest (DHC) 
Company Research Source: Business Wire
Proceeds Will Be Used to Partially Redeem Existing Senior Secured Notes Due January 2026 NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) (“DHC”) today announced it has priced $375 million aggregate principal amount of 7.25% senior secured notes due October 2030. The closing is expected to occur on September 26, 2025, subject to the satisfaction of customary closing conditions. The new notes will be fully and unconditionally guaranteed (i) on a joint, several and senior secured basis, by subsidiaries of DHC that own 36 real properties located in the United States and (ii) on a joint, several and unsecured basis, by all subsidiaries of DHC that currently guarantee DHC’s zero coupon Senior Secured Notes due 2026 (the “2026 Notes”) on an unsecured basis and by all subsidiaries of DHC that currently guarantee DHC’s 4.375% Senior Notes due 2031 (collectively, the “Subsidiary Guarantors”). The Subsidiary Guarantors will guarantee the principal, any premium, and Show less Read more
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