Whitestone REIT (WSR) announced that through its operating partnership, Whitestone REIT Operating Partnership, it has amended, expanded and extended its $750M credit facility, comprised of a $375M revolver and $375M term loan. The revolver is scheduled to mature in September 2029 with two six-month options to extend the maturity date and the term loan is scheduled to mature in January 2031. The revolver has an initial interest rate of SOFR plus 1.40% and the term loan has an initial interest rate of SOFR plus 1.35%. In addition, the Company entered into interest rate swaps to fix the interest rates on the $375M term loan, locking in a rate between 3.36% and 3.42% until maturity.
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