White & Case Advises Investor on Diversified Healthcare Trust’s US$941 Million Senior Secured Notes Offering

Global law firm White & Case LLP has advised an investor on Diversified Healthcare Trust's (DHC) offering of US$941 million in aggregate principal amount of senior secured notes due January 2026, with a 12-month extension option.

The net proceeds from this transaction will be used to repay all of DHC's outstanding debt maturing in 2024, and for general business purposes.

DHC is a real estate investment trust focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines, and by property type and location. DHC is managed by The RMR Group, a leading US alternative asset management company with approximately US$36 billion in assets under management, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate.

The White & Case team was led by Capital Markets partner Andrew Weisberg and Financial Restructuring and Insolvency partner Harrison Denman (both in New York), and included Financial Restructuring and Insolvency partner Rob Bennett and associate Viktor Braun (both in New York); Capital Markets associates Brian Munsie and Adrian Ling (both in New York); and Real Estate partners David Viklund (New York) and Ted Smith (Houston). Law clerk Dylan Abolafia assisted on the matter.

Press contact
For more information please speak to your local media contact.