Gladstone Land expands MetLife credit facility by $100M with new term note maturing 2032

GLADSTONE LAND Corp

New $100M term note added to existing MetLife Credit Facility; matures Jan 5, 2032.
Interest at 10-year UST plus 2.00%; unused fee of 0.10%-0.20% on undrawn amounts.
Unused commitment expires Dec 31, 2024 if not fully drawn; ~$250,000 fees paid.
Existing Credit Facility terms unchanged; includes customary covenants and default provisions.

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