debt
confidence high
sentiment neutral
materiality 0.25
Centerspace cuts credit facility capacity by $150M to $250M
CENTERSPACE
- On Aug 21, 2026, notified Bank of Montreal of election to terminate accordion option.
- Borrowing capacity under Credit Agreement reduced from $400M to $250M, effective Aug 28, 2026.
- Reduction reverses May 2025 accordion exercise that had increased capacity by $150M.
- Other material terms of the Credit Agreement remain unchanged.