Senior Housing Properties Trust Closes $350 Million Unsecured Term Loan

  Senior Housing Properties Trust Closes $350 Million Unsecured Term Loan

Business Wire

NEWTON, Mass. -- May 30, 2014

Senior Housing Properties Trust (NYSE: SNH) today announced the closing of a
$350 million unsecured term loan. The loan matures on January 15, 2020 and is
prepayable, without penalty, at any time. The interest rate on the term loan
will be at LIBOR plus 140 basis points, subject to adjustments based on
changes to SNH’s unsecured debt ratings. SNH expects to use the net proceeds
of the term loan to repay amounts outstanding under its revolving credit
facility, to repay certain existing mortgage notes and for general business
purposes.

Jefferies Finance LLC and Wells Fargo Securities served as Joint Lead
Arrangers for the term loan, and banks participating in the new loan are as
follows:

Name of Institution                           Title
Wells Fargo Bank, N.A.                          Lead Arranger / Administrative
                                                Agent
Royal Bank of Canada                            Documentation Agent
Citibank, N.A.                                  Documentation Agent
PNC Bank, National Association                  Documentation Agent
Mizuho Bank, Ltd.                               Documentation Agent
BBVA Compass Bank                               Documentation Agent
Regions Bank                                    Documentation Agent
RBS Citizens, N.A.                              Lender
Sumitomo Mitsui Banking Corporation             Lender
Bank Hapoalim                                   Lender
Mega International Commercial Bank Co.,         Lender
Ltd. New York Branch
Bank of Taiwan, Los Angeles Branch              Lender
First Tennessee Bank N.A.                       Lender
Land Bank of Taiwan Los Angeles Branch          Lender
First Commercial Bank, New York Branch          Lender
                                                

Senior Housing Properties Trust is a real estate investment trust, or REIT,
which owns independent and assisted living communities, medical office
buildings, nursing homes, and wellness centers throughout the United States.
SNH is headquartered in Newton, MA.

                WARNING CONCERNING FORWARD LOOKING STATEMENTS

CERTAIN STATEMENTS CONTAINED IN THIS PRESS RELEASE ARE FORWARD LOOKING
STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995 AND OTHER SECURITIES LAWS. THESE INCLUDE STATEMENTS REGARDING SNH’S
EXPECTED USE OF NET PROCEEDS OF THE TERM LOAN. ACTUAL RESULTS MAY DIFFER
MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY THESE FORWARD LOOKING
STATEMENTS AS A RESULT OF VARIOUS FACTORS AND SOME OF THESE FACTORS ARE BEYOND
SNH'S CONTROL. FORWARD LOOKING STATEMENTS AND THEIR IMPLICATIONS ARE NOT
GUARANTEED TO OCCUR AND MAY NOT OCCUR. YOU SHOULD NOT PLACE UNDUE RELIANCE
UPON SNH’S FORWARD LOOKING STATEMENTS. EXCEPT AS MAY BE REQUIRED BY LAW, SNH
DOES NOT INTEND TO UPDATE OR CHANGE ANY FORWARD LOOKING STATEMENTS AS A RESULT
OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

A Maryland Real Estate Investment Trust with transferable shares of beneficial
               interest listed on the New York Stock Exchange.

    No shareholder, Trustee or officer is personally liable for any act or
                           obligation of the Trust.

Contact:

Senior Housing Properties Trust
Kimberly M. Brown, 617-796-8234
Director, Investor Relations
www.snhreit.com
 
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