debt
confidence high
sentiment neutral
materiality 0.65
Broadstone Net Lease adds $300M term loan facility, reduces interest rate margins
Broadstone Net Lease, Inc.
- Amendment No. 2 provides $300M in additional term loans (Term Loan II Facility) maturing January 30, 2030.
- Interest rate margins reduced: Term Benchmark loans now 0.900% (Baa2/BBB rating); Revolving loans at 0.800%.
- Letter of credit sublimit increased to $50M under the amended credit agreement.
- Third Amendment to Regions Term Loan Agreement conforms terms to the amended A&R Credit Agreement.
- No Default or Event of Default occurred; representations and warranties true in all material respects.