Greystone Finances Gold Standard’s Florida Acquisition

Participating lenders were able to provide their pro rata share of the $300 million new money "first out" tranche under the facility, convert certain of their term loans into the "second out" tranche at 17% discount to par, and convert the remainder of their term loans into the "third out" tranche at par.

USRC closed the refinancing transaction with the support of approximately 84% of its term lenders, and all other term loan holders are being offered the opportunity to participate on the same terms.

Known as the Patient Care Tower, the five-story building will have 128 ICU patient beds and facilities for trauma care, neurosciences, cardiology, and general surgery.