debt
confidence high
sentiment neutral
materiality 0.55
Whitestone REIT closes $515M unsecured credit facility; extends maturities to 2026-2028
Whitestone REIT
- Revolver: $250M, matures Sep 16, 2026, with two 6-month extension options to Sep 2027.
- Term loan: $265M, matures Jan 31, 2028; interest fixed via swaps (SOFR+1.55%) at tiered fixed SOFR rates.
- Proceeds of $379.6M used to repay prior revolver balance at closing.
- Facility includes ESG-linked pricing adjustment and accordion feature to increase capacity to $715M.
- BMO Capital Markets acted as administrative agent; lenders include Truist, Capital One, U.S. Bank.