GTJ REIT, INC.: debt financing — GTJ REIT adds $20M term loan to existing credit facility, total capacity $60M

GTJ REIT, INC.

New $20M term loan from KeyBank, maturing August 5, 2026 with one-year extension option.
Net proceeds of ~$19,949,976 to fund working capital and general corporate needs.
Total credit facility now $60M: $40M revolving line plus $20M term loan.
Term loan bears same interest rate as revolving line; 25 bps fee on principal.
Replaces prior KeyBank term loan that was repaid in full on March 15, 2024.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

GTJ REIT, INC. incurred term loan of $20 million with Keybank National Association at same rate as set forth in the First Amended and Restated Credit Agreement for th maturing August 5, 2026.

Instrument: term loan
Principal: $20 million
Counterparty: Keybank National Association
Rate: same rate as set forth in the First Amended and Restated Credit Agreement for th
Maturity: August 5, 2026
Event: incurrence

Exact text from the filing

The Letter Agreement and related documents establish a $20 million term loan facility under the First Amended and Restated Credit Agreement with an initial maturity date of August 5, 2026

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Source: SEC EDGAR

accession 0001193125-25-307905

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