UMH Properties expands unsecured revolving credit facility from $180M to $260M

UMH PROPERTIES, INC.

Expanded unsecured revolving credit facility from $180M to $260M in available borrowings.
Syndication includes BMO Capital Markets, JPMorgan Chase, and Wells Fargo as joint arrangers.
Bank of Montreal remains administrative agent for the facility.
Management states the expansion enhances liquidity and financial flexibility to execute strategic growth.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UMH PROPERTIES, INC. amended a credit facility with BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., and Bank of Montreal valued at $180 million to $260 million (effective 2024-04-02).

Action: amendment
Agreement: credit facility
Counterparty: BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., and Bank of Montreal
Value: $180 million to $260 million
Effective: 2024-04-02

Exact text from the filing

On April 2, 2024, UMH Properties, Inc. (“UMH” or the “Company”) expanded its existing unsecured revolving credit facility (the “Facility”) from $180 million in available borrowings to $260 million in available borrowings.

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Source: SEC EDGAR

accession 0001493152-24-013192

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