debt
confidence high
sentiment neutral
materiality 0.55
Acadia Realty upsizes revolver to $525M, repays $175M term loan
ACADIA REALTY TRUST
- Revolver increased from $350M to $525M; accordion capacity raised from $900M to $1.1B.
- $175M term loan fully repaid using cash on hand and borrowings under the amended revolver.
- No early termination penalties incurred in connection with the term loan repayment.
- Effective September 12, 2024; terms and conditions of the revolver unchanged.