Alpine Income Property Trust Closes $175 Million Unsecured Financing
Alpine Income Property Trust closed $175 million in unsecured financings: a new $100 million term loan due October 2030 and a $75 million revolver upsize to $325 million from $250 million. The company moved $100 million of existing SOFR swaps onto the term loan, locking an initial fixed rate of approximately 4.6% based on current leverage.
Key figures
- Deal Value Usd
- 175000000
- Term loan amount
- 100000000
- Revolver increase
- 75000000
- Swaps maturing jan 2027
- 50000000
- Swaps maturing mar 2028
- 50000000
- Revolver total commitments
- 325000000
- Term loan initial fixed rate
- approximately 4.6%
AI analysis
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