Ladder Announces $850 Million Revolving Credit Facility to Upsize and Extend Existing Facility and Reduce Cost of Debt
Ladder Capital Corp Class A (LADR)
Last ladder capital corp class a earnings: 2/27 04:15 pm
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (“Ladder,” the “Company,” “we” or “our”) (NYSE: LADR), a leading diversified commercial real estate finance platform, recently closed and subsequently upsized a revolving credit facility (the “Credit Facility”) with commitments of $850 million. The Credit Facility has an “accordion” feature under which the Company may further increase the total borrowing availability to up to $1.25 billion. The Credit Facility replaced Ladder’s prior $324 million revolving credit facility, which had no balance drawn at the time the Credit Facility closed.The Credit Facility, which more than doubled Ladder’s existing revolving credit facility at a significantly lower cost of funds, has a maturity date of December 20, 2028, and up to two 6-month extensions thereafter at the Company’s option. The larger Credit Facility is expected to further enhance the liquidity and flexibility of the Company’s balance sheet. Without changing any commitments, the agreem
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LADR
Earnings
- 10/24/24 - Beat
LADR
Sec Filings
- 12/20/24 - Form 8-K
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- LADR's page on the SEC website