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Stock impact report

Industrial Logistics Properties Trust Closes Syndication of $750 Million Credit Facility

Industrial Logistics Properties Trust - Common Shares of Beneficial Interest (ILPT) 
Last industrial logistics properties trust - common shares of beneficial interest earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)-- Industrial Logistics Properties Trust (Nasdaq:ILPT) today announced that the syndication of its $750 million unsecured revolving credit facility has closed. The maturity date of the credit facility is December 29, 2021, with the option to extend the maturity date for two additional six month periods, subject to payment of extension fees and satisfaction of other conditions. Amounts outstanding under ILPT’s credit facility bear interest at a variable annual rate equal to LIBOR plus a premium, which will vary depending on the amount of ILPT’s leverage. Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets and Wells Fargo Securities, LLC acted as the Joint Lead Arrangers and Joint Bookrunners for the credit facility. Banks participating in the credit facility are as follows:   Show less Read more
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