Colony Credit Real Estate Increases Credit Facility to $525 Million
COLONY CREDIT REAL ESTATE INC (CLNC)
Last colony credit real estate inc earnings: 2/27 04:05 pm
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Colony Credit Real Estate, Inc. (NYSE: CLNC) (the “Company”) today announced that it has completed a $125 million upsize under the accordion feature in its revolving credit facility (the “Credit Facility”), to accommodate future growth. The increased Credit Facility provides total commitments of $525 million. Neale W. Redington, Chief Financial Officer, commented, “We are pleased with the thoughtful participation and interest in upsizing our credit facility. This additional capital allows the Company to continue to execute on the accretive investment opportunities it has been pursuing. Importantly, we value our relationships with our lenders and are grateful for their continued support.” About Colony Credit Real Estate, Inc. Colony Credit Real Estate (NYSE: CLNC) is one of the largest publicly traded commercial real estate (CRE) credit REITs, focused on
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