debt
confidence high
sentiment neutral
materiality 0.50
Whitestone REIT subsidiary enters $20M incremental term loan at 5.165% fixed rate via swap
Whitestone REIT
- New $20M Series One Incremental Term Loan under existing credit agreement, matures Jan 31, 2028.
- Interest rate fixed at 5.165% all-in (3.665% swap rate plus 1.5% credit spread).
- Proceeds used to reduce outstanding revolving credit borrowings.
- Lender: Associated Bank, National Association; administrative agent: Bank of Montreal.