debt
confidence high
sentiment neutral
materiality 0.55
Postal Realty Trust adds $40M in delayed draw term loans, replaces Bank of Montreal with Truist as agent
Postal Realty Trust, Inc.
- Third Amendment to Credit Agreement signed Oct 25, 2024; ups delayed draw commitments by $50M (to $175M total).
- Borrowed $40M on effective date; aggregate outstanding delayed draw loans now $165M with $10M unused.
- Bank of Montreal resigns as administrative agent, L/C issuer, and swingline lender; Truist Bank succeeds in all roles.
- Delayed Draw Term Loan Availability Period extended to June 30, 2026; existing guarantors reaffirm obligations.