* Says U.S., Canadian subsidiaries amend loan facilities
* Cuts U.S. unit's loan facility to $70 mln from $120 mln
June 23 (Reuters) - Canada's Extendicare Real Estate Investment Trust, a provider of senior care services, said its U.S. and Canadian subsidiaries have amended their credit facilities.
The trust's U.S. unit, Extendicare Health Services Inc (EHSI), has reduced its credit facility to $70 million from $120 million.
The facility was due in October 2009 for a two-year term to June 2011, with an option to extend it for a third year upon satisfaction of certain conditions, it said.
Extendicare's Canadian subsidiary, Extendicare Inc, also amended its credit facility with the Royal Bank of Canada to issue a U.S. dollar letter of credit facility of up to $22.2 million, in addition to the existing C$70.0 million ($60.61 million) available under the facility.
Extendicare units closed at C$6.27 Tuesday on the Toronto Stock Exchange.
($1=1.155 Canadian dollar)
(Reporting by R. Manikandan in Bangalore; Editing by Gopakumar Warrier) Keywords: EXTENDICARE/ (raman.manikandan@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: raman.manikandan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Cuts U.S. unit's loan facility to $70 mln from $120 mln
June 23 (Reuters) - Canada's Extendicare Real Estate Investment Trust, a provider of senior care services, said its U.S. and Canadian subsidiaries have amended their credit facilities.
The trust's U.S. unit, Extendicare Health Services Inc (EHSI), has reduced its credit facility to $70 million from $120 million.
The facility was due in October 2009 for a two-year term to June 2011, with an option to extend it for a third year upon satisfaction of certain conditions, it said.
Extendicare's Canadian subsidiary, Extendicare Inc, also amended its credit facility with the Royal Bank of Canada to issue a U.S. dollar letter of credit facility of up to $22.2 million, in addition to the existing C$70.0 million ($60.61 million) available under the facility.
Extendicare units closed at C$6.27 Tuesday on the Toronto Stock Exchange.
($1=1.155 Canadian dollar)
(Reporting by R. Manikandan in Bangalore; Editing by Gopakumar Warrier) Keywords: EXTENDICARE/ (raman.manikandan@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: raman.manikandan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.