Acadia Realty Trust enters $175M term loan facility maturing 2027

ACADIA REALTY TRUST

$175M term loan entered on April 6, 2022, maturing April 6, 2027, with no scheduled principal payments before maturity.
Proceeds used to repay outstanding revolving credit facility borrowings.
Interest at Term SOFR plus margin or Base Rate plus margin; margin based on leverage ratio or credit ratings.
Guaranteed by Acadia Realty Trust and certain subsidiaries.
Contains customary covenants including limitations on dividends.

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