Published on 12/1/2020 in the Prospect News Private Placement Daily.
New Issue: Next Healthcare secures $15 million mezzanine loan through CareTrust
By Devika Patel
Knoxville, Tenn., Dec. 1 – Next Healthcare Inc. arranged a $15 million five-year secured mezzanine loan with CareTrust REIT, Inc., according to a press release.
The loan bears interest at a fixed rate of 12%.
Based in Fargo, N.D., Next Healthcare offers skin and stem cell banking services.
| Issuer: | Next Healthcare Inc.
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| Issue: | Secured mezzanine loan
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| Amount: | $15 million
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| Maturity: | Five years
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| Coupon: | 12%
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| Investor: | CareTrust REIT, Inc.
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| Announcement date: | Dec. 1
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| Distribution: | Private placement
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