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Stock impact report

Ladder Closes $675 Million in New Unsecured Capital Commitments, Including Expansion of Revolver Capacity to $1.25 Billion

Ladder Capital Corp Class A (LADR) 
Last ladder capital corp class a earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.laddercapital.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (“Ladder,” the “Company,” “we” or “our”) (NYSE: LADR), a leading, investment grade-rated commercial real estate finance REIT, announced today that it has secured $675 million in new unsecured capital commitments. The capital commitments include a $400 million expansion of Ladder’s unsecured revolving credit facility capacity to $1.25 billion and a new unsecured delayed draw term loan facility that permits borrowings of up to $275 million. The revolving credit facility capacity increase fully exercises the facility’s “accordion” feature for revolving credit facilities. The amended credit agreement permits additional issuances of term loans of up to an aggregate of $500 million under a new “accordion” feature for term loan facilities.The expanded unsecured revolving credit facility capacity provides Ladder with same-day access to additional capital at the facility’s attractive cost of 125 basis points over SOFR. The $275 million unsecur Show less Read more
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