Validus Senior Living closes $117.5 million revolving line of credit

By Tali Rackner

Minneapolis, Jan. 9 – Validus Senior Living closed on a $117.5 million syndicated revolving line of credit on Tuesday to support the acquisitions of new Inspired Living communities, according to a press release.

SunTrust Robinson Humphrey served as the lead arranger and bookrunner for the deal, with SunTrust Bank as lead participant and administrative agent.

“The five-year deal is renewable and will greatly add to the rapidly growing value of the entire Validus company, which currently includes 11 communities and four new communities in development. SunTrust also provided strategic insight to help Validus expand its portfolio through acquisition,” Validus said in the release.

Validus Senior Living is a senior lifestyle company based in Tampa, Fla.

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