Industry: Health - Pharmaceutical research & manufacturing
On Oct. 22, 2021, a subsidiary of DRI Healthcare Trust (TSX: DHT.UN) (TSX: DHT.U) entered into a credit agreement with a syndicate of lenders to establish a US$200 million revolving senior secured credit facility (the “Facility”). The Facility was used to retire certain senior secured notes, which will serve to fund future acquisitions of royalty assets.
The Facility was jointly arranged by Canadian Imperial Bank of Commerce and HSBC Bank Canada, and the Administrative Agent is Canadian Imperial Bank of Commerce.
Weil, Gotshal & Manges LLP was U.S. counsel to the Agent with a team including
Cravath, Swaine & Moore LLP was U.S. counsel to the borrowers with a team including