debt
confidence high
sentiment neutral
materiality 0.35
Griffin Realty Trust extends $750M credit facility maturity to Sept 2023, adopts SOFR
Peakstone Realty Trust
- Extended maturity of $750M senior unsecured revolver from Sept 28, 2022 to Sept 30, 2023.
- Three additional three-month extension options to Dec 2023, Mar 2024, and Jun 2024.
- Replaced LIBOR with term SOFR as the reference rate for USD borrowings.
- Borrower, guarantors, and lenders reaffirmed all existing obligations under the credit agreement.