Capital One Bank announces $85 million loan

Share this content:

Capital One Bank is the joint bookrunner for an $85 million, seven-year senior secured term loan to subsidiaries of Parkwood Properties Inc. and a $30 million revolver loan to Palm Garden Healthcare Holdings LLC, the company announced.

Parkwood Properties will use the loan to refinance existing debt and to pay for renovations to long-term care facilities collectively owned by Florida Convalescent Centers Inc. and Springdale Health Centers LLC. Palm Garden and its subsidiaries will use the loan to fund ongoing working capital requirements of the skilled nursing and assisted living facilities.
 
Florida Convalescent Centers Inc. and Springdale Health Centers LLC collectively own 14 skilled nursing facilities and one assisted living facility in Florida.
close

Next Article in Products