Plymouth Industrial REIT Upsizes Aggregate Borrowing Capacity to $1.5 Billion with New $600 Million Unsecured Credit Facility
Plymouth Industrial REIT, Inc. (PLYM)
NASDAQ:AMEX Investor Relations:
ir.plymouthreit.com
Company Research
Source: GlobeNewswire
BOSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced it has entered into a $600 million amended and restated unsecured credit facility that provides expanded borrowing capacity, extended maturities and enhanced ability to pursue other unsecured debt. The new unsecured credit facility is comprised of: A revolving credit facility that expanded from $350 million to $500 million, matures in November 2028 (compared with August 2025 previously) and has one, one-year extension option, subject to certain conditions; andA $100 million term loan that that now matures in November 2028 (compared with August 2026 previously) and has one, one-year extension option, subject to certain conditions. The facility complements the Company’s existing $200 million term loan that matures in February 2027 and has a fixed rate swap of SOFR at 1.527% and an existing $150 million term loan that matures in May 2027 and has a fixed rate swap of
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News
- Plymouth Buys Portfolio for $20.1M, Boosts Cincinnati Presence [Yahoo! Finance]Yahoo! Finance
- Plymouth Industrial REIT Adds to its Presence in Cincinnati with Acquisition of Small Bay Industrial Portfolio for $20.1 Million [Yahoo! Finance]Yahoo! Finance
- Plymouth Industrial REIT Adds to its Presence in Cincinnati with Acquisition of Small Bay Industrial Portfolio for $20.1 MillionGlobeNewswire
- Plymouth Industrial REIT Declares Dividend for the Fourth Quarter of 2024GlobeNewswire
- Plymouth Industrial REIT, Inc. (NYSE: PLYM) had its price target lowered by analysts at Truist Financial Co. from $27.00 to $22.00. They now have a "buy" rating on the stock.MarketBeat
PLYM
Earnings
- 11/6/24 - Miss
PLYM
Sec Filings
- 11/19/24 - Form 8-K
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- PLYM's page on the SEC website