- America First Multifamily Investors ( NASDAQ: ATAX ) on Monday announced a second amendment to its $50M secured, non-operating line of credit.
- The amendment extends the maturity date of the credit line to Jun. 30, 2024 and provides ATAX with 2 optional 1-year extensions.
- It also modified certain financial covenants, events of default, and certain restricted payment provisions to be consistent with ATAX's other secured financing arrangements.
- ATAX also entered into a new revolving line of credit note, which bears interest at the 1-month CME Term SOFR Reference Rate, which will not be less than 0.1%, plus 2.5%.
For further details see:
America First Multifamily Investors extends $50M line of credit