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home / news releases / INDT - INDUS Realty Trust announces new $150M term loan and amendment

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

INDUS Realty Trust Inc.
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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INDUS Realty Trust announces new $150M term loan and amendment
Stock Information
Company Name: INDUS Realty Trust Inc.
Stock Symbol: INDT
Market: NASDAQ
Website: indusrt.com
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