Spirit Realty Capital, Inc. Announces $100 Million Incremental Term Loan Under Unsecured Term Loan Facility
Spirit Realty Capital, Inc. (SRC)
Last spirit realty capital, inc. earnings: 2/25 06:31 am
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spiritrealty.com
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Source: Business Wire
DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit” or the “Company”), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today announced that the Company has closed on an incremental $100 million term loan under the accordion feature of its previously announced $200 million unsecured term loan facility. The additional $100 million term loan has a maturity date of April 2, 2022. The Company has the ability to further increase the term loans under the unsecured term loan facility up to an aggregate of $400 million, subject to obtaining lender commitments and the satisfaction of certain customary conditions. Borrowings under the incremental term loan bear interest at LIBOR plus 150 basis points, based on the Company’s current credit rating.ABOUT SPIRIT REALTYSpirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real es
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