Five Star Quality Care, Inc. Enters New $150 Million Credit Facility

Five Star Quality Care, Inc . (NYSE: FVE) today announced that it has entered into a new $150 million secured revolving credit facility. The new facility is in addition to FVE’s existing $35 million secured revolving credit facility, which has a maturity date of March 18, 2013. The maturity date of the new facility is April 13, 2015 and includes options which can be exercised by FVE to extend the facility up to April 13, 2017.

Drawings under the new facility will bear interest at LIBOR plus a spread of 250 basis points. The new facility is secured by 15 senior living communities with 1,549 living units owned by FVE that have a total assessed value of approximately $230 million. FVE also continues to own an additional 12 unencumbered senior living communities with 840 living units.

Citigroup and RBC Capital Markets acted as joint lead arrangers and bookrunners for the new facility. Banks participating in the new facility are as follows:

Name of Institution				Facility Title
Citibank, N.A.				Administrative Agent
Royal Bank of Canada				Syndication Agent
CIT Bank (CIT Healthcare)				Co-Documentation Agent
Compass Bank				Co-Documentation Agent
PNC Bank, National Association				Co-Documentation Agent
The Huntington National Bank				Co-Documentation Agent
Comerica Bank				Lender
RBS Citizens, N.A.				Lender
UBS Loan Finance LLC				Lender

Five Star Quality Care, Inc. is a senior living and healthcare services company which owns, leases and manages senior living communities, including primarily private pay independent and assisted living communities located throughout the U.S. Five Star also operates five institutional pharmacies and two rehabilitation hospitals. Five Star is headquartered in Newton, Massachusetts.

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