GHI amends credit agreement: extends maturity to June 2025, adjusts rates and covenants

Greystone Housing Impact Investors LP

Borrowing base modified to 35% of eligible encumbered assets; minimum tangible net worth set at $200M.
Interest rate spread increased to 3.50% for SOFR loans, 2.50% for Base Rate loans.
Maturity extended to June 12, 2025; incremental commitments up to $20M available.
Removed requirement for Designated Account to maintain $5M minimum balance.
Affiliate Greystone Select executed Second Amended and Restated Guaranty with revised financial covenants.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Greystone Housing Impact Investors LP amended Third Amendment to Credit Agreement with BankUnited, N.A., Bankers Trust Company (effective 2023-07-11).

Action: amendment
Agreement: credit facility
Counterparty: BankUnited, N.A., Bankers Trust Company
Effective: 2023-07-11

Exact text from the filing

On July 11, 2023, Greystone Housing Impact Investors LP (the “Partnership”) entered into a Third Amendment to Credit Agreement and Annex A to Third Amendment (collectively, the “Third Amendment”), with BankUnited, N.A. and Bankers Trust Company (collectively, the “Lenders”), and the sole lead arranger and administrative agent, BankUnited, N.A. (the “Administrative Agent”) which modifies certain provisions of the Credit Agreement dated June 11, 2021

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Source: SEC EDGAR

accession 0000950170-23-033218

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