Acadia Realty Trust Announces Expanded $750 Million Senior Unsecured Revolving Credit and Term Loan Facility
Acadia Realty Trust (AKR)
Last acadia realty trust earnings: 2/12 04:15 pm
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US:NYSE Investor Relations:
acadiarealty.com/investors
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Source: Business Wire
RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (the “Company”) announced today that it closed on a $750 million amended and restated credit facility, which replaces and extends the Company’s existing $700 million credit facility. The facility was oversubscribed and maintained the pricing spread from the prior facility while improving its financial covenant package.The amended and restated credit facility matures on April 15, 2028 (with two six-month extension options) and has an accordion feature expandable to $900 million, subject to customary conditions."This successful execution highlights the strength and support of our long-standing capital providers," stated John Gottfried, Chief Financial Officer of Acadia Realty Trust. “The expansion and extension of our unsecured facility, at attractive terms, provide us with the capital and flexibility to pursue accretive external growth."BofA Securities, Inc. and Wells Fargo Securities, LLC served as joint bookrunners, BofA
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News
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- Acadia Realty Trust Reports First Quarter Operating ResultsBusiness Wire
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- Acadia Realty Trust: Safe 4.2% Dividend Yield From Street Retail, But I'm Not Buying [Seeking Alpha]Seeking Alpha
- Tanger, Acadia upgraded, Kimco, ROIC cut as BofA shuffles retail-REIT coverage [Seeking Alpha]Seeking Alpha
AKR
Earnings
- 4/29/24 - Miss
AKR
Sec Filings
- 4/29/24 - Form 8-K
- 4/16/24 - Form 8-K
- 3/27/24 - Form ARS
- AKR's page on the SEC website