US Masters Residential Property Group's (ASX:URF) board agreed an amendment to its existing term loan facility, under which the interest rate applicable to the term loan will increase to 6% per annum from 4% per annum, effective Jan. 1, 2026, according to a Wednesday Australian bourse filing.
It includes an amendment fee of 0.125% applying to the outstanding principal balance, and the maturity date of the term loan is being extended to Dec. 31, 2026.
Its shares fell 1% in recent trading on Wednesday.