debt
confidence high
sentiment positive
materiality 0.60
W.P. Carey upsizes revolver to $2.0B, extends maturities to 2028-2029
W. P. Carey Inc.
- Revolver upsized from $1.8B to $2.0B; maturity extended four years to Feb 14, 2029.
- Existing €215M and £270M term loans extended three years to Feb 14, 2028, with extension options.
- Accordion feature permits total Facilities increase to $4.35B, subject to lender commitments.
- Interest rate on revolver: 77.5 bps over SOFR; term loans: 85.0 bps over EURIBOR/SONIA (based on BBB+/Baa1).
- 16 lenders participate; JPMorgan Chase is Administrative Agent.