Curbline Properties Corp. Secures $150 Million Term Loan Facility with PNC Bank for Expansion and Acquisitions

Reuters
18 Jul
<a href="https://laohu8.com/S/CURB">Curbline Properties Corp.</a> Secures $150 Million Term Loan Facility with PNC Bank for Expansion and Acquisitions

On July 15, 2025, Curbline Properties Corp. and its subsidiary, Curbline Properties LP, entered into a significant Term Loan Agreement with PNC Bank, National Association, and other lenders. The agreement establishes a term loan facility amounting to $150 million, with the potential to increase to $250 million, pending new or existing lender commitments. The borrowed funds are earmarked for general corporate purposes, including future acquisitions. The loan features customary covenants and default provisions, with repayment scheduled for January 2029, extendable to January 2031. Interest rates are variable, linked to market rates plus an applicable margin, dependent on credit ratings.

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