debt
confidence high
sentiment positive
materiality 0.65
Global Medical REIT amends credit facility, extends maturities to 2029-2031, enters $350M hedges
Chiron Real Estate Inc.
- $400M revolver maturity extended to Oct 2029 with two six-month extension options to Oct 2030.
- $350M Term Loan A split into three tranches: $100M to Oct 2029, $100M to Oct 2030, $150M to Apr 2031.
- Removed 10 bps SOFR credit spread adjustment on all facility borrowings.
- Entered $350M forward starting interest rate swaps at fixed base rates 3.24%-3.32%, all-in effective rates 4.75%-4.84%.
- Weighted average debt term increased from 1.3 years to 4.4 years at closing.
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