Health
More Defaults for Senior Living Ahead as Debt Comes Due
- About $3.5 billion in muni debt matures next year, BI says
- More impairments, defaults could be on the sector’s horizon
About $2.7 billion in senior living municipal debt comes due in the last nine months of this year.
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Pandemic-induced obstacles are still squeezing senior living facilities and with a rash of debt coming due, investors are likely to feel continued pain in the sector over the next several years.
About $2.7 billion in senior living municipal debt comes due in the last nine months of this year, along with $3.5 billion next year, according to Karen Altamirano of Bloomberg Intelligence.