Investment Trust Plans to Issue Senior Notes
Health Care Property Investors Inc. said it will issue $60 million of senior notes to raisefunds to help pay off a number of short-term debts incurred for a series of recent property acquisitions.
The Costa Mesa-based real estate investment trust said the 9.5% notes, due Dec 1, 1996, will be used to repay the bank loans on some health-care properties that were purchased within the past four months, including nursing homes in Tennessee, Missouri and Arkansas.
Merrill Lynch Capital Markets is underwriting the offering.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
