Colony Credit Real Estate Increases Credit Facility to $560 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 $35 million upsize under the accordion feature in its revolving credit facility (the “Credit Facility”), to further accommodate future growth. The increased Credit Facility provides total commitments of $560 million. Inclusive of the $125 million upsize announced on December 17, 2018, all incumbent banks continue their participation in the upsized Credit Facility. 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 originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities and net leased properties predominantly in the United States. Colony
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