GHI - Greystone Housing Impact Investors LP Increases Line of Credit to $50 Million | Benzinga
OMAHA, Neb., March 06, 2024 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE:GHI) (the "Partnership") announced today that on March 4, 2024, it closed on a $10 million increase in the maximum available commitment of its secured revolving Line of Credit facility ("LOC") to up to $50 million. The additional $10 million commitment was provided by a new lender to the Partnership. BankUnited N.A. serves as sole arranger and administrative agent. The LOC is secured by the Partnership's joint venture equity investments. An affiliate of the Partnership's general partner provides a deficiency guaranty for the facility.
"The increase in LOC commitment provided by a new lender further enhances our available liquidity and demonstrates the Partnership's ability to obtain additional credit from lenders," said Kenneth C. Rogozinski, Chief Executive Officer of the Partnership.
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