United Hampshire US REIT (SGX:ODBU) secured an extension and increase of its existing $250 million SOFR term loan and revolving credit facilities to an enlarged $350 million loan, according to a Tuesday filing with the Singapore Exchange.
The new facilities have multiple maturity dates and extension options, with loan maturities ranging from November 2027 to between November 2029 and March 2030.
The expanded facilities include a $100 million revolving credit facility, doubling the size of the previous revolver, and a $50 million delayed draw tranche available for up to 12 months following refinancing.
The new facilities have been provided by US and Canada-based banks, the filing added.
Shares of the REIT were up nearly 1% in Tuesday trade.