Net Lease Office Properties (NLOP) said Wednesday it has fully repaid its mezzanine loan from JPMorgan Chase (JPM), which had an outstanding balance of approximately $36 million.
Having repaid its senior secured mortgage to JP Morgan in December 2024, the company has now fully discharged all debt obligations under its JP Morgan financing arrangements by utilizing asset sale proceeds and other sources, including loan reserves, to settle its mezzanine loan, the company said.
In March, the company sold two office properties, leased to Emerson Electric (EMR) in Houston, and Nokia (NOK) in Krakow, Poland, for $9.8 million, leaving the company with a portfolio of 37 office properties, including 36 in the US and one in Europe.
Net Lease Office Properties said its board plans to assess the possibility of special distributions to shareholders from future sale proceeds, but the timing and amounts have yet to be determined.
Shares of the company were up more than 3% in recent Wednesday trading.
Price: 29.43, Change: +0.87, Percent Change: +3.05
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。