debt
confidence high
sentiment neutral
materiality 0.50
Empire State Realty Trust enters $210M term loan facility, matures Jan 2029
Empire State Realty Trust, Inc.
- Amended & Restated Credit Agreement provides $210M unsecured term loan; can be increased to $310M.
- Maturity date January 15, 2029, with two 12-month extension options; SOFR-based pricing with margin 1.50%-2.05%.
- Proceeds used for working capital and general corporate purposes of the Operating Partnership.
- Facility replaces existing March 2020 credit agreement; lenders include Wells Fargo, BofA, JPMorgan, KeyBank, Truist, U.S. Bank.