Farmland Partners consolidates five loans into $112M revolving credit with Rutledge, matures 2027

Farmland Partners Inc.

Consolidated five promissory notes into single $112M revolving credit loan maturing March 1, 2027.
Interest rate based on SOFR plus margin of 1.80% to 2.25% dependent on pricing level.
Loan fully drawn at $112M; commitment fee of 0.50% paid; no prepayment penalty.
Guaranteed by Farmland Partners Inc. and its operating partnership; borrowed by wholly-owned subsidiary AFCO.

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