Greystone Housing Impact Investors LP (GHI): debt financing — Greystone Housing Impact Investors LP increases line of credit to $50M

Greystone Housing Impact Investors LP

Added $10M commitment from new lender NexBank, bringing total facility to $50M.
Paid NexBank a $25,000 commitment fee and administrative agent a $15,000 arrangement fee.
Facility is secured by joint venture equity investments; affiliated GP provides deficiency guaranty.
CEO cites enhanced liquidity and ability to attract additional credit from lenders.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Greystone Housing Impact Investors LP incurred credit facility of $10,000,000 with BankUnited, N.A.; Bankers Trust Company; NexBank at not specified maturing not specified.

Instrument: credit facility
Principal: $10,000,000
Counterparty: BankUnited, N.A.; Bankers Trust Company; NexBank
Rate: not specified
Maturity: not specified
Event: incurrence

Exact text from the filing

Credit Agreement”). In connection with the Fifth Amendment, the Partnership executed a Promissory Note payable to the order of NexBank with an original principal amount of up to $10,000,000 (the “Note”). The material amendment to the Amended Credit Agreement accomplished by the Fifth Amendment was the addition of NexBank’s commitment of up to $10.0 million, which

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

Greystone Housing Impact Investors LP amended Fifth Amendment to Credit Agreement with BankUnited, N.A., Bankers Trust Company (as Lenders), and BankUnited, N.A. (as Administrative Agent) valued at up to $10.0 million (effective 2024-03-04).

Action: amendment
Agreement: credit facility
Counterparty: BankUnited, N.A., Bankers Trust Company (as Lenders), and BankUnited, N.A. (as Administrative Agent)
Value: up to $10.0 million
Effective: 2024-03-04

Exact text from the filing

On March 4, 2024, Greystone Housing Impact Investors LP (the “Partnership”) entered into a Fifth Amendment to Credit Agreement (the “Fifth Amendment”),

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Source: SEC EDGAR

accession 0000950170-24-027204

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