BlackRock Monticello Debt Real Estate Investment Trust: debt financing — BlackRock Monticello subsidiary enters $100M revolving credit facility with CIBC

BlackRock Monticello Debt Real Estate Investment Trust

Initial facility of $100M, expandable up to $250M with lender consent.
Maturity on October 28, 2028, with two one-year extension options.
Interest rate at Term SOFR plus 2.00% per annum; upfront fee $600,000.
Unused line fee of 0.25% on daily unused amount when borrowings <60% of max.
Company provides full-recourse guaranty upon certain triggering events.

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

BlackRock Monticello Debt Real Estate Investment Trust incurred revolving credit of up to an initial maximum amount of $100.0 million with CIBC Bank USA as lender and administrative agent at Term Secured Overnight Financing Rate plus 2.0% maturing 2028-10-28.

Instrument: revolving credit
Principal: up to an initial maximum amount of $100.0 million
Counterparty: CIBC Bank USA as lender and administrative agent
Rate: Term Secured Overnight Financing Rate plus 2.0%
Maturity: 2028-10-28
Event: incurrence

Exact text from the filing

(“CIBC”), as lender and administrative agent, and certain other lenders party thereto. The Credit Agreement provides for revolving loans of up to an initial maximum amount of $100.0 million, which may be increased up to a maximum of $250.0 million at the Borrower’s request subject to the consent of CIBC and the other lenders, in their sole discretion. The maturity

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Source: SEC EDGAR

accession 0001193125-25-262822

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