HCP Enters Into Credit Facility

Skadden represented HCP, Inc., which entered into a new $1.5 billion unsecured revolving credit facility on March 11, replacing an existing facility that was scheduled to mature in August 2011. The firm recently represented HCP in its acquisition of HCR ManorCare's senior living facilities, which involved a $3.3 billion fully committed bridge loan, among other counsel provided to the client.