Farmland Partners secures $75M revolving credit facility with MetLife, matures 2027

Farmland Partners Inc.

Up to $75M senior secured revolving line of credit with Brighthouse Life Insurance Company (MetLife affiliate).
Interest at 3-month SOFR + 2.10% per annum with a 3.25% floor; floating rate spread adjustable Oct 2025.
Maturity October 1, 2027; proceeds for property acquisitions, debt repayment, and general corporate purposes.
Unfunded commitment fee of 20 bps; waived 50% if average daily outstanding balance exceeds 50% of facility.
Guaranteed by Farmland Partners Inc. and its operating partnership; secured by first-lien mortgages on certain properties.

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