debt
confidence high
sentiment positive
materiality 0.65
Global Self Storage extends credit facility to $15M, up from $10M, with three-year maturity
Global Self Storage, Inc.
- Principal increased from $10M to $15M under amended revolving credit facility with Huntington National Bank.
- Interest rate set at one-month LIBOR plus 3.00%; facility matures July 6, 2024.
- Credit facility secured by properties in Millbrook NY, West Henrietta NY, Lima OH, Fishers IN, and Clinton CT.
- Combined capital resources now ~$21M: $8.5M cash, $2.6M marketable securities, and $9.9M undrawn credit.