The renaming carries no internal restructuring of thepaired-share REIT, Temple Weiss of Meditrust's investor relations,tells GlobeSt.com. The financial action is, he says, "the last bigpiece that everyone was waiting to see in the turnaround ofMeditrust."

The credit facility replaces one that was due to expire July 17and carrying a 9 1/2% interest. "We had to get another in placebefore then," explains Weiss. As a result, liquidity is just aroundthe corner, he claims.

The newly floated credit facility matures May 31, 2003, butincludes an extension option. Co-lead arrangers are CIBC WorldMarkets Corp. and Fleet Securities Inc. Lehman Brothers and J.P.Morgan Chase & Co. have acted as co-documentation agents forthe deal.

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