debt
confidence high
sentiment neutral
materiality 0.60
Peakstone Amends Credit Facility: $907M unsecured, extends maturities to 2028
Peakstone Realty Trust
- Term loan reduced from $400M to $210M, maturity extended to July 2028.
- Revolver reduced from $750M to $547M, maturity extended to July 2028.
- Interest rate increased 0.35% for SOFR loans; new $550M swaps at 3.58% effective July 2025.
- Borrowing base revised: industrial cap rate 6%, office 8%; advance rates 60% and 50%.
- Total facility $907M includes $150M term loan maturing April 2026.