Mark O. Decker Jr. Archives

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PNC Bank Provides $100MM Term Loan to Centerspace

Centerspace closed on a $100 million term loan with PNC Bank as administrative agent. The loan currently bears interest at a floating rate of 1.20% to 1.75% over the SOFR based upon Centerspace’s leverage ratio and is for a term of one year with a one-year extension option.

BMO Amends and Extends Revolving Credit Facility for Centerspace

Centerspace amended its existing $250 million revolving credit facility. The new facility includes an accordion feature for up to $400 million and matures in September 2025 with two optional six-month extensions. Bank of Montreal served as administrative agent for the facility.

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Tag Archives: Mark O. Decker Jr.

PNC Bank Provides $100MM Term Loan to Centerspace

BMO Amends and Extends Revolving Credit Facility for Centerspace