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Credit Markets Validate Invesque Strategy with New Upsized US$400 Million Unsecured Credit Facility

TORONTO, ONTARIO, DECEMBER 20, 2018 – Invesque, Inc. (TSX:IVQ.U) (the “Company“) today announced that it has signed a new US$400 million senior unsecured credit facility.  KeyBanc Capital Markets, National Bank Financial Markets and BMO Capital Markets served as joint lead arrangers and joint bookrunners. The newly established unsecured credit facility (the “Facility”) increases the total debt capacity from US$300 million on the Company’s previous credit facility to US$400 million with the new Facility. The Facility is designed to complement the Company’s growth strategies with an accordion feature to increase the size to up to US$750 million.

The Facility is comprised of a $200 million five-year term loan, and a $200 million four-year revolving line of credit. The revolving line of credit also has a one-year extension option for the Company. The facility greatly enhances the Company’s debt profile by extending the aggregate weighted average debt maturity from 4.1 years (as reported at September 30, 2018) to 4.6 years.  The restructuring of the Facility also reduces the Company’s pricing spread by approximately 100 bps, which is expected to have a prolonged positive impact on the weighted average cost of debt to the Company.

“We are elated with the continued commitment and partnership from our credit partners,” said Chief Financial Officer, Scott Higgs. “This new credit facility is validation from the credit markets that we have executed our growth and diversification strategy. The unsecured structure, improved pricing and extension of the debt maturity are measures that enhance our financial profile for investors. The additional capacity allows us to consolidate debt, while extending maturities and providing additional room for us to continue executing on our growth strategy.”

KeyBanc Capital Markets, National Bank Financial Markets and BMO Capital Markets served as joint lead arrangers and joint bookrunners. KeyBank National Associate served as administrative agent.

ABOUT INVESQUE:

Invesque is a health care real estate company with an investment thesis centered around the opportunity created by the global aging demographic trend. Invesque currently capitalizes on this opportunity by investing in a highly diversified portfolio of income generating health care properties located across the United States and Canada through long-term absolute net leases, joint ventures, and development capital. For more information, visit www.invesque.com.