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Financings

DRI Healthcare closes $250M (U.S.) offering of notes

By The Northwire Desk — AI Analysis Mar 25, 2026 · 18:47 DHT · 17.10 DRI Healthcare Trust
DHT · Price

Executive Summary

  • DRI Healthcare Trust’s subsidiary, DRI Healthcare LP, has closed a previously announced private placement of senior secured notes totaling US$250 million.
  • The offering consists of two tranches: US$106 million due in 2031 and US$144 million due in 2033.
  • Net proceeds are designated for debt repayment, fee/expense coverage, and general corporate purposes.

Key Details

  • Total Gross Proceeds: US$250 million.
  • Tranche 1: US$106 million aggregate principal amount of 5.35% senior secured notes due March 24, 2031.
  • Tranche 2: US$144 million aggregate principal amount of 5.65% senior secured notes due March 24, 2033.
  • Interest Payments: Payable semi-annually.
  • Security/Capitalization: Notes rank pari passu with the issuer's existing amended and restated credit agreement and are secured by substantially all assets of DRI Healthcare and its subsidiaries.
  • Use of Proceeds: Repayment of outstanding debt, payment of related fees and expenses, and general corporate purposes.

Notable Quotes

  • None provided in the text.
Read the original news release →

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