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Stock impact report

Armada Hoffler Announces Closing of $100 Million Fixed-Rate Unsecured Term Loan

Armada Hoffler Properties, Inc. (AHH) 
Last armada hoffler properties, inc. earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.armadahoffler.com
Company Research Source: GlobeNewswire
VIRGINIA BEACH, Va., Dec. 07, 2022 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) today announced that it has initiated a new $100 million unsecured term loan with the option to increase the total capacity to $200 million. Proceeds from the term loan have been used to unencumber the company’s newly stabilized Wills Wharf asset, as well as three Town Center of Virginia Beach retail assets. The new term loan matures concurrently with the existing line in January 2027 at a fixed interest rate of 4.79%. “We appreciate the continued support we have received from our preferred lender group, particularly considering today’s market conditions,” said Matthew Barnes-Smith, Chief Financial Officer of Armada Hoffler. “The company remains committed to delivering long-term value to our stakeholders by continuing to improve our liquidity and further strengthening our capital structure. Executing the Franklin Templeton lease at Wills Wharf has enabled us to take another step to a more unsecured ba Show less Read more
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