SUMMIT HOTEL PROPERTIES COMPLETES $275 MILLION DELAYED DRAW TERM LOAN FINANCING [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
closed on a new $275 million senior unsecured term loan (the "Term Loan"). The Company expects to utilize future proceeds from the Term Loan to repay the majority of the Company's outstanding $287.5 million 1.50% Convertible Senior Notes maturing in February 2026. The Term Loan includes a delayed draw feature available to the Company through March 1, 2026 , that will enable the Company to preserve the attractive 1.50% interest rate on the Convertible Senior Notes through the scheduled maturity date. "We greatly appreciate the continued support of our lending partners and are extremely pleased with the successful execution of this term loan financing. This term loan enables us to maintain the favorable interest rate of the 1.5% Convertible Senior Notes, while further strengthening our well-positioned balance sheet by extending our debt maturity profile and preserving flexibility to execute on our strategic initiatives," commented Trey Conkling , the Company's Executive Vice President
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BAC
Earnings
- 10/15/25 - Beat
BAC
Sec Filings
- 12/19/25 - Form FWP
- 12/18/25 - Form 424B2
- 12/18/25 - Form FWP
- BAC's page on the SEC website