Postal Realty Enhances Capital Structure with Credit Facility Recast
Postal Realty Trust recast its revolving credit facility to increase total available borrowings to $615 million, adding $60 million in new commitments. The restructuring achieved a 30 basis point improvement in pricing and extended the facility's weighted average maturity by approximately one year, while also adding a $335 million accordion feature.
Key figures
- Class a shares
- 30.1
- Term loans total
- $340 million
- Accordion feature
- $335 million
- Revolver capacity
- $275 million
- Total facility size
- $615 million
- Fully diluted shares
- 38.3
- Additional commitments
- $60 million
- Pricing improvement bps
- 30
AI analysis
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