Independence Realty Trust Amends Credit Facility

MT Newswires Live

2025/01/09

Independence Realty Trust (IRT) said Thursday that its Independence Realty Operating Partnership signed an amended unsecured credit facility, lifting its revolving credit borrowing capacity to $750 million from $500 million and extending the maturity date to January 2029 from January 2026.

The amount outstanding under the revolver at closing was $214 million, the company said, adding that proceeds from the expanded revolver will be used for general corporate purposes.

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