Chicago Atlantic Real Estate Finance Extends Maturity of its Revolving Credit Facility to June 2026 and Increases Size of the Accordion Feature to $150 Million [Yahoo! Finance]
Chicago Atlantic Real Estate Finance, Inc. (REFI)
Company Research
Source: Yahoo! Finance
commercial mortgage real estate investment trust, announced that Chicago Atlantic Lincoln, LLC (“Chicago Atlantic Lincoln”), its wholly-owned financing subsidiary, entered into the Fifth Amended and Restated Loan and Security Agreement by and among Chicago Atlantic Lincoln and a syndicate of FDIC-insured financial institutions to extend the maturity of its $100.0 million secured revolving credit facility (the “Revolving Loan”) and increase the accordion feature of the Revolving Loan to facilitate additional commitments up to $150.0 million. The Company extended the contractual maturity date from December 16, 2024 to June 30, 2026 and retained the one-year extension option, subject to customary conditions. The Revolving Loan bears interest at the Prime Rate plus an Applicable Margin, based upon Chicago Atlantic Lincoln's leverage ratio. The Applicable Margin ranges from 0% to 1.25% over the Prime Rate, subject to a 3.25% Prime Rate floor. John Mazarakis, Executive Chairman of Chica
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News
- Chicago Atlantic Real Estate Finance Schedules First Quarter 2024 Earnings Release and Conference Call Date [Yahoo! Finance]Yahoo! Finance
- Chicago Atlantic Real Estate Finance Schedules First Quarter 2024 Earnings Release and Conference Call DateGlobeNewswire
- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $20.00 price target on the stock.MarketBeat
- Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the First Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
- Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the First Quarter of 2024GlobeNewswire
REFI
Earnings
- 3/12/24 - Beat
REFI
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 4/3/24 - Form 4
- REFI's page on the SEC website