Seeking Alpha

QTS improves terms on Richmond credit facility

  • The interest rate on the $80M revolving line is cut by 190 basis points to Libor plus 2.1% and the term is extended to 5 years. An accordion feature allows for the size of commitments to go up to $200M.
  • The facility currently has a balance of $70M, so the interest savings over the next year will be $1.33M.
  • Source: Press Release
  • QTS +1%
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