Stratus Properties Inc. Announces Increase and Extension of Its Revolving Credit Facility
Stratus Properties Inc. (STRS)
US:NASDAQ Investor Relations:
stratusproperties.com/investors
Company Research
Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)-- Stratus Properties Inc. (NASDAQ: STRS) announced that on June 29, 2018, Stratus and certain of its wholly owned subsidiaries entered into a loan agreement with Comerica Bank that increases and extends Stratus' existing revolving credit facility. Under the terms of the loan agreement, the revolving credit facility was modified to increase the aggregate borrowing base from $52.5 million to $60.0 million and extended the maturity date from November 30, 2018 to June 29, 2020. William H. Armstrong III, Chairman, President and Chief Executive Officer, stated, “We are pleased to announce the successful modification and extension of our credit facility which expands our financial capacity and gives us additional financial flexibility to fund operations and growth as we continue to pursue our active development strategy. We value our longstanding business relationship with Comerica,
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News
- Stratus Properties Inc. Reports Year Ended December 31, 2023 ResultsBusiness Wire
- Stratus Properties Inc. (NASDAQ: STRS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Stratus Properties Inc. (NASDAQ: STRS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Stratus Properties Inc. Completes Sale of Approximately 47 Acres at Magnolia Place for $14.5 Million [Yahoo! Finance]Yahoo! Finance
- Stratus Properties Inc. Completes Sale of Approximately 47 Acres at Magnolia Place for $14.5 MillionBusiness Wire
STRS
Analyst Actions
- 2/1/24 - TheStreet
STRS
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEF
- 4/3/24 - Form 4
- STRS's page on the SEC website