INDUS Realty Trust announces new $150M term loan and amendment

Apr. 25, 2022 6:09 PM ETINDUS Realty Trust, Inc. (INDT)By: Manshi Mamtora, CFA
  • INDUS Realty Trust (NASDAQ:INDT) amends and restates its credit to increase the size to $250M with the addition of a new $150M million delayed draw term loan with a term of five years.
  • In addition, company has amended the maturity of its existing $100M revolving credit facility.
  • This enables the company to increase the total borrowing up to an aggregate of $500M which may take the form of additional revolving loan capacity or additional term loans.
  • The term loan would bear an interest rate of SOFR plus a spread of 1.15%.
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