Phillips Edison Closes $350 Million Three-Year Unsecured Term Loan
Bitget2026/10/26 20:25- Phillips Edison & Co. closed a $350 million unsecured term loan facility with KeyBank as administrative agent.
- The three-year facility matures October 23, 2029, with initial annual interest at SOFR plus 0.8%.
- An initial $175 million was drawn, with the remaining $175 million available through April 21, 2027.
- Initial proceeds paid down a $161.8 million term loan and outstanding balances under the borrower's $1 billion revolving credit facility.
- An uncommitted accordion permits up to $450 million in additional term loans, increasing total potential borrowing to $800 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Astera Labs (ALAB.US) Q3 earnings and guidance exceed expectations; Scorpio rises to become the top revenue-generating product line
Astera Labs (ALAB.US) released its Q3 2026 financial report after the US stock market closed on November 3.
Surged after hours! Arista Networks (ANET.US) achieved record revenue and profit growth in Q3, with Q4 performance guidance exceeding expectations
Arista Networks released its financial results for the third quarter of 2026 ending September 30.
The US strengthens the dollar on midterm election day, rising Treasury yields provide support, and the US-Iran situation may dominate future market trends.
The US dollar strengthened on Tuesday during the US midterm elections, supported by rising US Treasury yields and robust economic data.
Crypto prices
More
