Postal Realty Trust Inc. Announces New Credit Facility, Extends Debt Maturities and Fixes Interest Rates
Reuters
Sep 23
Postal Realty Trust Inc. Announces New Credit Facility, Extends Debt Maturities and Fixes Interest Rates
Postal Realty Trust Inc., an internally managed real estate investment trust, has announced the recast and expansion of its credit facilities to $440 million. The company has successfully extended the maturity dates on its senior unsecured revolving credit facility to November 2029 and its Term Loan to January 2030. Additionally, Postal Realty Trust has entered into an interest rate swap on $40 million, effectively fixing the SOFR component of the interest rate through January 2030. This strategic move enhances the company's liquidity position and supports its continued growth, as stated by Jeremy Garber, President and Interim Chief Financial Officer.
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