HINES GLOBAL INCOME TRUST, INC. (HGIT): debt financing — Hines Global Income Trust enters $1.35 billion credit facility with JPMorgan; borrows $740M at closing

HINES GLOBAL INCOME TRUST, INC.

Facility comprises $650M revolver and $700M term loan; can be increased to $1.75B.
Matures March 12, 2028, with two one-year extension options subject to conditions.
Borrowed $740M at closing to repay existing July 2021 credit facility (as amended).
Interest: ABR + 0.40%-1.15% or Adjusted Term SOFR + 1.40%-2.15% based on leverage.
Requires unencumbered pool of ≥5 U.S. properties, ≥$500M value, ≥80% occupancy.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HINES GLOBAL INCOME TRUST, INC. incurred credit facility of $1.35 billion with JPMorgan Chase Bank, N.A. at Alternate Base Rate plus the Applicable Margin or Adjusted Term SOFR Rate plus t maturing March 12, 2028.

Instrument: credit facility
Principal: $1.35 billion
Counterparty: JPMorgan Chase Bank, N.A.
Rate: Alternate Base Rate plus the Applicable Margin or Adjusted Term SOFR Rate plus t
Maturity: March 12, 2028
Event: incurrence

Exact text from the filing

of March 12, 2025 with JPMorgan Chase Bank, N.A. (“Chase”), as Administrative Agent, and the other lenders party thereto. The Credit Agreement provides for borrowings of up to $1.35 billion as follows: $650 million under a senior, unsecured revolving credit facility (the “Revolving Loan Commitment”) and $700 million under a senior, unsecured term loan (the “Term

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Source: SEC EDGAR

accession 0001585101-25-000013

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