Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ExchangeRight Income Fund incurred revolving credit of $35,000,000 incremental revolving commitment increasing total from $100,000,000 to $135,000,000 with Fifth Third Bank, National Association at not specified maturing not specified.
- Instrument
- revolving credit
- Principal
- $35,000,000 incremental revolving commitment increasing total from $100,000,000 to $135,000,000
- Counterparty
- Fifth Third Bank, National Association
- Rate
- not specified
- Maturity
- not specified
- Event
- incurrence
Exact text from the filing
On April 30, 2025, ExchangeRight Income Fund Operating Partnership, LP, as borrower (the “Borrower”), ExchangeRight Income Fund, doing business as ExchangeRight Essential Income REIT (the “Company”), and the other loan parties party thereto, entered into the Second Incremental Revolving Commitment Assumption Agreement and First Amendment to Credit Agreement (the “Second Incremental Commitment Agreement”) with Wells Fargo Bank, National Association, as administrative agent (“Wells Fargo” or the “Administrative Agent”), and Fifth Third Bank, National Association, as an increasing lender (the “Increasing Lender”), pursuant to which the Increasing Lender committed to make an incremental revolving commitment in the amount of $35,000,000 under the Credit Agreement (the “Credit Agreement”) dated as of May 30, 2024 between the Borrower, the Company, the Administrative Agent and the lenders from time to time party thereto.
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