debt
confidence high
sentiment positive
materiality 0.70
Mobile Infrastructure completes $87.5M refinancing, extends debt maturities, lowers weighted avg rate to 7.69%
Mobile Infrastructure Corp
- Closed $87.5M in refinancings via two loans at weighted avg rate 7.69%, with maturities between 2027 and 2034.
- Repaid $48.8M KeyBank loan (8.19%) and $31.3M in other loans; extends substantially all 2024/2025 maturities.
- CMBS loan of $75.5M with Argentic at 7.755% fixed, maturity Dec 2034; guaranty requires net worth >$40M.
- Bought out minority partner in one asset at attractive valuation to enable repositioning and retain cash flows.