Medalist Diversified terminates Wells Fargo revolving credit line; releases Chicago property from collateral

Medalist Diversified, Inc.

Terminated $0-drawn revolver with Wells Fargo; no penalties incurred.
Term Loan remains with $17.4M outstanding as of March 31, 2025.
Removed MDR Central Avenue as co-borrower; released mortgage on 3535 N. Central Ave., Chicago.
Remaining borrowers (MDR Lancer, Greenbrier, Salisbury) reaffirm obligations.
Company states it was in compliance with all covenants at termination.

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