Healthcare Trust purchased substantially all the assets of American Realty Capital Healthcare Trust III, following the approval of a majority of American Realty’s stockholders.
According to a related 8-K filing, KeyBank National Association amended Healthcare Trust’s revolving credit facility to partially pay for the transaction, increasing the borrowing capacity from $241.0 million to $298.6 million.
SunTrust Robinson Humphrey served as exclusive financial advisor to the American Realty’s special committee of independent directors, with Shapiro Sher Guinot & Sandler acting as served as legal counsel.
KeyBanc Capital Markets served as exclusive financial advisor to Healthcare Trust’s special committee of independent directors, while Arnold & Porter Kaye Scholer acted as legal.
Proskauer Rose served as outside legal counsel to both companies.