Ladder Capital enters $725M revolving credit facility, replacing prior $324M facility

Ladder Capital Corp

New $725M secured revolver matures Dec 20, 2028; up to two 6-month extensions available.
Interest at SOFR plus 77.5-170 bps (based on credit rating); facility fee 12.5-30 bps.
Incremental capacity up to $1.25B available; replaced $324M undrawn existing facility.
Automatic conversion to unsecured facility if investment grade rating achieved by two agencies.

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