American Realty Capital Healthcare Trust Expands its Revolving Credit Facility
to $200 Million
NEW YORK, Oct. 25, 2012
NEW YORK, Oct. 25, 2012 /PRNewswire/ --American Realty Capital Healthcare
Trust, Inc. ("ARC Healthcare" or the "Company") announced today that, through
its operating partnership, it amended its revolving credit facility agreement
with KeyBank National Association ("KeyBank") to increase its maximum
commitments under the credit facility to $200.0 million. Through an "accordion
feature," the credit facility can be increased to $400.0 million. The
revolving credit facility's co-lead arrangers are KeyBanc Capital Markets and
BMO Capital Markets. The bank group includes: KeyBank; Bank of Montreal;
Regions Bank; Bank of America; and Comerica Bank. The revolving credit
facility will mature on October 25, 2015, subject to ARC Healthcare's right to
a 12-month extension. The revolving credit facility provides for monthly
interest payments and may be prepaid at any time, without premium or penalty.
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"By expanding the capacity of our revolving credit facility and lowering our
borrowing rate, we have further strengthened our already strong capital
position as we take advantage of the compelling opportunities we see in the
marketplace," said Thomas P. D'Arcy, Chief Executive Officer of American
Realty Capital Healthcare Advisors, LLC, the ARC Healthcare advisor. Mr.
D'Arcy continued, "The expansion supports our business, allowing us great
flexibility in constructing a diverse portfolio of high quality healthcare
focused properties. We appreciate the continued strong support and confidence
shown by our bank group."
ARC Healthcare is a publicly registered, non-traded real estate investment
trust that elected to be treated as a real estate investment trust for U.S.
federal income tax purposes, commencing with the tax year ended December 31,
2011. Additional information about ARC Healthcare can be found on its website
The statements in this press release that are not historical facts may be
forward-looking statements. These forward-looking statements involve risks and
uncertainties that could cause the outcome to be materially different. In
addition, words such as "anticipate," "believe," "expect" and "intend"
indicate a forward-looking statement, although not all forward-looking
statements include these words.
SOURCE American Realty Capital Healthcare Trust, Inc.
Contact: Anthony J. DeFazio, DeFazio Communications, LLC, +1-484-532-7783,
firstname.lastname@example.org, or Brian S. Block, EVP & CFO, American Realty
Capital Healthcare Trust, Inc., +1-212-415-6500, email@example.com
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