Armada Hoffler Announces Closing Of $100 Million Fixed-Rate Unsecured Term Loan

Dec 07, 2022•over 2 years ago

Amount Raised

$100 Million

Virginia BeachLendingFinancial Services

Description

Armada Hoffler (NYSE: AHH) today announced that it has initiated a new $100 million unsecured term loan with the option to increase the total capacity to $200 million. Proceeds from the term loan have been used to unencumber the company’s newly stabilized Wills Wharf asset, as well as three Town Center of Virginia Beach retail assets. The new term loan matures concurrently with the existing line in January 2027 at a fixed interest rate of 4.79%.

Company Information

Company

Armada Hoffler

Location

Virginia Beach, Virginia, United States

About

Armada Hoffler (NYSE:AHH) is a vertically-integrated, self-managed real estate investment trust with over four decades of experience developing, building, acquiring and managing high-quality office, retail and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. The Company also provides general construction and development services to third-party clients, in addition to developing and building properties to be placed in their stabilized portfolio.

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Armada Hoffler Announces Closing Of $100 Million Fixed-Rate Unsecured Term Loan

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