Independence Realty Trust Announces Expanded Unsecured Credit Facility, Reflecting Increased Financial Flexibility and More Favorable Capital Structure
Independence Realty Trust, Inc. (IRT)
NASDAQ:AMEX Investor Relations:
irtliving.com/page.aspx/contentid/7/investor-relations
Company Research
Source: Business Wire
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that on January 8, 2025 its operating partnership, Independence Realty Operating Partnership, LP, entered into an amended and restated unsecured credit facility. The new facility increases the borrowing capacity under IRT’s existing revolver from $500 million to $750 million and extends the maturity date of the revolver from January 2026 to January 2029. As of closing, the amount outstanding under the revolver was $214 million. Proceeds from the expanded revolver will be used for general corporate purposes.The amended and restated unsecured credit facility also reduces the margin on IRT’s existing $200 million term loan. Borrowings under the $200 million term loan now bear interest at SOFR plus 0.80% to 1.60%. Borrowings under the revolver now bear interest at SOFR plus 0.725% to 1.40%. At closing, the interest rates on the $200 million term loan and revolver were SOFR plus 0.85% and SOFR
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News
- Independence Realty Trust (NYSE:IRT) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Independence Realty Trust Declares Fourth Quarter 2025 Dividend [Yahoo! Finance]Yahoo! Finance
- Independence Realty Trust Declares Fourth Quarter 2025 DividendBusiness Wire
- Independence Realty Trust (NYSE:IRT) was downgraded by analysts at Colliers Securities from a "moderate buy" rating to a "hold" rating.MarketBeat
- Independence Realty Trust (NYSE:IRT) was given a new $21.00 price target on by analysts at KeyCorp.MarketBeat
IRT
Earnings
- 10/29/25 - In-Line
IRT
Sec Filings
- 12/8/25 - Form 8-K
- 12/1/25 - Form 4
- 11/14/25 - Form SCHEDULE
- IRT's page on the SEC website