Aviv plans to pay down $400 million revolver via senior notes offering

By Tali David

Minneapolis, Oct. 10 - Aviv REIT, Inc. subsidiaries Aviv Healthcare Properties LP and Aviv Healthcare Capital Corp. plan to use the proceeds from a senior notes offering to repay all outstanding indebtedness under their $400 million secured revolving credit facility with Bank of America, NA, according to a press release.

Any excess proceeds will be used for general corporate purposes, including the potential acquisition of additional properties.

Aviv is a Chicago-based owner of skilled nursing and other health-care properties.

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