America First Multifamily Investors, L.P. Announces Significant Debt Refinancing and Business Update
America First Multifamily Investors, L.P. - Beneficial Unit Certificates (BUCs) representing Limited Partnership Interests (ATAX)
Last america first multifamily investors, l.p. - beneficial unit certificates (bucs) representing limited partnership interests earnings: 5/7 08:15 am
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US:NASDAQ Investor Relations:
ataxfund.com/investors-brokers/press-releases
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Source: GlobeNewswire
OMAHA, Neb., May 04, 2020 (GLOBE NEWSWIRE) -- America First Multifamily Investors, L.P. (NASDAQ: ATAX) (the “Partnership” or “ATAX”) announced today that on April 30, 2020, it terminated all of the Partnership’s outstanding debt financing arrangements with Deutsche Bank AG (“Deutsche Bank”). The Partnership repaid outstanding principal totaling approximately $51.8 million that previously had fixed interest rates ranging from 4.01% to 4.53%. In addition, the Partnership terminated its Master Trust Agreement with Deutsche Bank and is no longer subject to its financial and non-financial covenant provisions. Concurrent with the termination of the debt financing arrangements with Deutsche Bank, the Partnership entered into five variable rate Tender Option Bond (“TOB”) Trust financings with Mizuho Capital Markets LLC (“Mizuho”) with initial principal balances totaling approximately $55.4 million. The new TOB Trusts have variable interest rates that were set at 2.08% for their initial
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