debt
confidence high
sentiment neutral
materiality 0.55
UDR extends $1.3B revolver to Aug 2028 and $350M term loan to Jan 2027
UDR, Inc.
- Extended $1.3B revolving credit facility maturity to August 31, 2028, with two six-month extension options.
- Added one twelve-month extension option to $350M term loan, now maturing January 31, 2027.
- Revolving facility accordion allows total commitments up to $2.5B subject to lender commitments.
- Applicable margins: revolver at 77.5 bps, term loan at 85 bps; both subject to credit-rating-based ranges.
- Sustainability adjustments allow up to 2 bps reduction on term loan for green building certifications.