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Lillibridge Refinances $250M in Debt

CHICAGO-The private health care real estate firm secured refinancings for about a third of its debt.

By Cari Brokamp | Updated on August 14, 2009

CHICAGO-Lillbridge has secured refinancings for $250 million of its debt. The recent refinancings represent about a third of the private health care real estate firm’s total debt and encompasses only permanent financing on existing health care properties, not any construction loans. Generated by a variety of lenders, these refinancings shore up Lillibridge’s debt for at least another three years.

“This refinance during these tough economic times shows that our company continues to have a very strong capital structure,” Todd Lillibridge, Lillibridge chairman and CEO, says. “It’s a testament to the quality of properties that we own that we were able to secure this amount of debt financing. We are well-positioned for the future and continue develop and acquire high quality health care properties.”

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