People's United Bank leads $80 mln credit facility for Invesque
People's United Bank has led a US$80 million senior secured credit facility for Invesque Inc (TSX: IVQ.U), a Toronto-based healthcare real estate company. The proceeds will be used to refinance existing debt associated with four senior living facilities in Pennsylvania and New Jersey. The properties are owned by a joint venture of Invesque and Heritage Senior Living LLC. Earlier this year, Invesque, formerly Main Street Health Investments, agreed to acquire Commonwealth Senior Living LLC, a portfolio company of U.S. real estate private equity firm Municipal Capital Appreciation Partners. People's United Bank is an affiliate of U.S. financial services firm People's United Financial.
12 July 2019•4 mins read
