W. P. Carey Inc. (WPC): debt financing — W. P. Carey extends €500M term loan maturity to 2029, adds lower pricing tier

(ii) add a lower pricing level to the pricing grid for all loans under the Facilities in the event that the Company attains an A/A2 unsecured debt rating, which in the case of the Euro Tranche 2 Term Loan now results in an interest rate equal to EURIBOR plus an applicable margin ranging from 0.700% to 1.650%, depending on the adjustments provided for in the Existing Credit Facility (currently 0.800%), and (iii) remove both the incremental ten (10) basis point credit spread adjustment applicable to US dollar borrowings under the Facilities that utilize a SOFR-based interest rate as well as the incremental spread adjustments of approximately 30 basis points applicable to certain Canadian dollar borrowings under the Facilities that utilize a CORRA-based interest rate.