08:22 AM EDT, 09/16/2025 (MT Newswires) -- Diversified Healthcare Trust ( DHC ) said Tuesday it has priced a $375 million offering of 7.25% senior secured notes due October 2030.

Net proceeds from the offering will be used to partially redeem about $307 million of its 2026 senior notes, pay related fees and expenses and for general business purposes, the company said.

Diversified Healthcare Trust ( DHC ) said it expects to redeem the remaining 2026 notes in Q4 using proceeds from asset sales, cash on hand and its revolving credit facility.

The offering is set to close on Sept. 26.

Shares were up 2.3% in recent premarket activity.