CTO Realty Growth, Inc. (CTO): debt financing — CTO Realty Growth closes $150M term loan financing, extends debt maturities

CTO Realty Growth, Inc.

New $125M term loan due Sept 2030 and $25M upsizing of existing $100M 2029 facility.
Proceeds used to retire $65M term loan due March 2026 and reduce revolver balance.
Liquidity increased to approximately $165M as of closing.
Initial fixed interest rate ~4.2% via SOFR swaps, adjusting to ~4.7% in March 2026.
Syndicate led by KeyBank includes PNC, Regions, Truist, Raymond James, Synovus, Wells Fargo.

item 1.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CTO Realty Growth, Inc. amended term loan of increased from $100 million to $125 million.

Instrument: term loan
Principal: increased from $100 million to $125 million
Event: amendment

Exact text from the filing

the aggregate principal amount of the 2029 Facility was increased from $100 million to $125 million

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CTO Realty Growth, Inc. incurred term loan of $125 million with KeyBank National Association at Applicable Margin plus the Base Rate, or Applicable Margin plus Daily Simple SOF.

Instrument: term loan
Principal: $125 million
Counterparty: KeyBank National Association
Rate: Applicable Margin plus the Base Rate, or Applicable Margin plus Daily Simple SOF
Event: incurrence

Exact text from the filing

a new incremental term loan facility (the “2030 Facility” and, together with the 2029 Facility, the “Facilities”) in an aggregate principal amount of $125 million was added to the Credit Agreement.

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CTO Realty Growth, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-093346

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