Colony Refis $1.7B in Consolidated Healthcare Debt

Colony Capital has refinanced $1.7 billion in consolidated debt in its healthcare segment. The debt was scheduled to mature in December 2019. The new loan totals $1.5 billion and has a five-year term with and a blended interest rate of one-month LIBOR plus 3.33%.

According to the firm, the collateral package for the new loan includes 158 U.S. healthcare properties, a total of 189 buildings, but excludes certain assets that were collateral for the previous loan.

The properties include medical office buildings, senior housing properties, skilled nursing facilities and hospitals. Colony’s ownership position in these properties is 70%.