Whitestone REIT (WSR): debt financing — Whitestone REIT closes $750M unsecured credit facility with extended maturities, lower rates

Whitestone REIT

$375M revolver matures Sep 2029 (extendable to Sep 2030); $375M term loan matures Jan 2031.
Revolver initial rate SOFR + 1.40%; term loan SOFR + 1.35%, with swaps fixing rates at 3.36%-3.42% plus margin through Jan 2031.
Proceeds used to repay $83.2M revolver balance, refinance $285M existing term loan, and pay $6.8M fees.
Facility increases size by $215M vs prior, reduces variable debt to ~12%, extends weighted avg maturity to 2030 with no 2026 maturities.
Added three new banks; improved capitalization rate from 7% to 6.75% for valuation.

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

Whitestone REIT amended term loan of $375.0 million unsecured term loan with Bank of Montreal at 3.40% (Term SOFR) plus 1.35% (current applicable margin) through September 30, 2 maturing January 31, 2031.

Instrument: term loan
Principal: $375.0 million unsecured term loan
Counterparty: Bank of Montreal
Rate: 3.40% (Term SOFR) plus 1.35% (current applicable margin) through September 30, 2
Maturity: January 31, 2031
Event: amendment

Exact text from the filing

$375.0 million unsecured term loan with a maturity date of January 31, 2031 ("Term Loan")

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

Whitestone REIT amended revolving credit of $375.0 million unsecured revolving credit facility with Bank of Montreal at Term SOFR plus 1.40% maturing September 19, 2029.

Instrument: revolving credit
Principal: $375.0 million unsecured revolving credit facility
Counterparty: Bank of Montreal
Rate: Term SOFR plus 1.40%
Maturity: September 19, 2029
Event: amendment

Exact text from the filing

$375.0 million unsecured revolving credit facility with a maturity date of September 19, 2029, with two six-month options to extend the maturity date to September 19, 2030 (the "Revolver")

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306 debt financings filed in the last 30 days. Browse all debt financings →

Whitestone REIT filing history →

Source: SEC EDGAR

accession 0001437749-25-029724

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