Urban Edge Properties expands revolving credit facility to $800M, extends maturity to 2027

Urban Edge Properties

Unsecured revolver increased from $600M to $800M; accordion feature allows up to $1.0B.
Maturity extended from Jan 2024 to Feb 2027, with two 6-month extension options (to Feb 2028).
Interest rate: SOFR + 1.10% (current leverage ratio); annual facility fee of 0.15%.
ESG pricing provision can reduce margin if sustainability performance targets met.
No amounts currently drawn on the facility; proceeds for general corporate purposes.

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