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New Senior Announces $296 Million of Asset Sales Under Contract

Published 10/06/2017, 12:37 PM
© Reuters.  New Senior Announces $296 Million of Asset Sales Under Contract
  • New Senior Investment (NYSE:SNR) expects to complete $296M of asset sales during the 4Q17.
  • The Transactions includes $186.0M sale of six triple net leased properties, as well as termination of the related lease with LCS and a $109.5M sale of nine properties managed by Holiday Retirement.
  • The company expects to repay approx. $178M of existing debt with a weighted average interest rate of approximately 4.6%. and rest for general corporate purposes.
  • Now read: I Love The Icing, But I Lost My Appetite For New Senior


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