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Whitestone Reit Amends And Extends $515 Million Credit Facility

Whitestone Reit Amends And Extends $515 Million Credit Facility

09/19/22, 9:17 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svghouston
Money raised
$515 million
Industry
real estate investment
real estate
hospitality
Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that through its operating partnership, Whitestone REIT Operating Partnership, L.P. (the “Operating Partnership”), it has amended and extended its $515 million credit facility, comprised of a $250 million revolver and $265 million term loan. The facility, which can be increased to $715 million through an accordion feature is scheduled to mature, for the $250 million revolver, on September 16, 2026, with two additional six-month options to extend the maturity date to September 16, 2027, and for the $265 million term loan on January 31, 2028. Borrowings under the facility accrue interest (at the Operating Partnership's option) at a Base Rate or an Adjusted Term SOFR plus an applicable interest rate margin based upon the Company’s then existing leverage

Company Info

Company
Whitestone REIT
Location
houston, texas, united states
Additional Info
About Whitestone REIT Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio.