Armada Hoffler Increases Capacity of Its Unsecured Credit Facility to $550 Million and Extends Maturity Date to 2027 & 2028
Armada Hoffler Properties, Inc. (AHH)
Last armada hoffler properties, inc. earnings: 4/30 06:00 am
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Source: GlobeNewswire
VIRGINIA BEACH, Va., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) today announced that it has amended and restated its existing $355 million unsecured credit facility, increasing the capacity to $550 million. The credit facility is comprised of a $250 million unsecured revolving line of credit and a $300 million unsecured term loan. Additionally, the credit facility includes an accordion option to increase the total capacity to $1.0 billion. The revolving line of credit and term loan now mature in January 2027 and 2028, respectively. “We appreciate the support of our bank partners and their continued commitment to the growth of Armada Hoffler,” said Matthew Barnes-Smith, Chief Financial Officer of Armada Hoffler. “We proactively replaced the previous credit facility to allow continued flexibility to execute future strategic dispositions and acquisitions, as well as our robust development and construction pipeline. Despite current volatility in the markets, we are pl
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Sec Filings
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- 4/19/24 - Form ARS
- AHH's page on the SEC website