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
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。