DHC - Diversified Healthcare Trust amends credit facility

Diversified Healthcare Trust (NASDAQ:DHC) amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to January 2024. The waiver of the Fixed Charge Coverage Ratio has been extended through Dec. 31, 2022. DHC now has the ability to fund up to $400M of capex annually, an increase from the earlier $350M annual limit, and also has the ability to acquire up to $500M of real property. The revolving credit facility commitments have been reduced from $800M to $700M; In January 2023, these commitments will be further reduced to $586M.

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Diversified Healthcare Trust amends credit facility