RMR Group (RMR) said late Wednesday it has entered into a new $100 million senior secured revolving credit facility with an initial maturity date of Jan. 22, 2028, and a one-year extension option.
Cash drawn under the credit facility will bear annual interest based on the secured overnight financing rate plus a margin of 2.25%, the asset management company said.
The credit facility will be used for general corporate purposes, the company said.
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