UMH Properties, Inc. Renews And Expands Its Existing Unsecured Revolving Credit Agreement
UMH Properties, Inc. (UMH)
Last umh properties, inc. earnings: 3/5 04:30 pm
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US:NYSE Investor Relations:
ir.umh.com
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Source: PR Newswire
FREEHOLD, N.J., Dec. 3, 2018 /PRNewswire/ -- UMH Properties, Inc. (NYSE: UMH), today announced that on November 29, 2018, it has entered into a First Amendment to Amended and Restated Credit Agreement to expand and extend its existing unsecured revolving credit facility (the "Facility"). The Facility is syndicated with two banks led by BMO Capital Markets Corp. ("BMO"), as sole lead arranger and sole book runner, with Bank of Montreal as administrative agent, and includes JPMorgan Chase Bank, N.A. ("J.P. Morgan") as the sole syndication agent.The amendment provides for an increase from $50 million in available borrowings to $75 million in available borrowings with a $50 million accordion feature, bringing the total potential availability up to $125 million, subject to certain conditions. The amendment also extends the maturity date from March 2020 to November 2022, with a one-year extension option. Additionally, interest on borrowings is reduced from LIBOR plus 1.75% to 2.50% or BM
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UMH
News
- UMH Properties, Inc. (NYSE: UMH) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- UMH PROPERTIES, INC. PUBLISHES ITS 2023 SUSTAINABILITY REPORT [Yahoo! Finance]Yahoo! Finance
- UMH PROPERTIES, INC. PUBLISHES ITS 2023 SUSTAINABILITY REPORTGlobeNewswire
- UMH PROPERTIES, INC. HONORED WITH MANUFACTURED HOUSING INSTITUTE'S COMMUNITY OPERATOR OF THE YEAR [Yahoo! Finance]Yahoo! Finance
- UMH PROPERTIES, INC. HONORED WITH MANUFACTURED HOUSING INSTITUTE’S COMMUNITY OPERATOR OF THE YEARGlobeNewswire
UMH
Earnings
- 2/28/24 - Beat
UMH
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form 4
- 4/17/24 - Form 4
- UMH's page on the SEC website