debt
confidence high
sentiment neutral
materiality 0.55
Inland Real Estate Income Trust upsizes credit facility to $475M, enters interest rate swaps
Inland Real Estate Income Trust, Inc.
- Credit facility increased from $350M to $475M: $200M revolver + $275M term loan.
- Revolver matures Feb 3, 2026; term loan matures Feb 3, 2027.
- Interest rate swaps fixed SOFR-based rate at 1.758% on $275M notional through Feb 3, 2027.
- Outstanding: $19.3M under revolver, $275M under term loan as of signing.
- Facility can be increased up to $825M subject to conditions; covenants include unencumbered pool of at least 15 properties.