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Acadia Realty Expands Credit and Refines Debt Structure

Acadia Realty Expands Credit and Refines Debt Structure

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Acadia Realty ( (AKR) ) has provided an update.

On September 12, 2024, Acadia Realty Limited Partnership boosted its financial agility by amending its credit agreement, increasing its revolving credit limit from $350 million to $525 million, and expanding the accordion feature from $900 million to $1.1 billion. This strategic move was swiftly followed by the repayment of all outstanding obligations totaling $175 million under a previous credit agreement, without incurring any early termination penalties, thus streamlining the company’s debt structure and enhancing its fiscal capacity for future endeavors.

Find detailed analytics on AKR stock on TipRanks’ Stock Analysis page.

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