SITE Centers Refinances $950 Million Revolving Credit Facility and Increases Unsecured Term Loan Facility
SITE Centers Corp. (SITC)
Last site centers corp. earnings: 4/30 06:30 am
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Source: Business Wire
BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC) announced today that it has refinanced its revolving credit facility and extended its maturity. The company also amended its unsecured term loan and upsized the agreement to $100 million from $50 million. The maturity on the term loan facility was unchanged.The amended $950 million unsecured revolving credit facility has an initial maturity of January 26, 2024 with two six-month extension options, and contains an accordion feature that provides for up to $1.45 billion of potential total capacity. Based on SITE Centers’ current credit ratings, pricing on the refinanced revolving credit facility was set at LIBOR plus 90 basis points, an improvement of 30 basis points.SITE Centers also amended and upsized its unsecured term loan increasing borrowings to $100 million from $50 million. The maturity date was unchanged from January 31, 2023. Pricing of the unsecured term loan was set at LIBOR plus 100 basis points, an impr
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SITC
News
- SITE Centers Corp. (NYSE: SITC) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Curbline Reports $250 Million in Acquisitions and Strong Leasing Metrics in Q3 Update [Yahoo! Finance]Yahoo! Finance
- SITE Centers Corp. (NYSE: SITC) had its price target lowered by analysts at Piper Sandler from $23.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- SITE Centers Corp. (NYSE: SITC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- SITE Centers Reports Third Quarter 2024 ResultsBusiness Wire
SITC
Earnings
- 10/30/24 - Beat
SITC
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/12/24 - Form 144
- SITC's page on the SEC website