EFRTF - Nexus Industrial REIT signs unsecured credit facilities worth $375M
- Nexus Industrial REIT ( OTC:EFRTF ) entered into senior unsecured credit facilities totaling $375M consisting of $190M revolving facility, a $175M term loan facility and a $10M swingline facility.
- It will allow the REIT to borrow in the form of banker's acceptances or prime rate advances.
- On closure, the REIT had an unencumbered asset pool of $310M.
- The unsecured facilities have been arranged through a syndicate of six banks with BMO Capital Markets acting as Lead Arranger and Sole Bookrunner.
- The unsecured facilities replace the REIT's earlier $140M secured credit facility.
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Nexus Industrial REIT signs unsecured credit facilities worth $375M