Orion Properties Inc. Secures New $215 Million Revolving Credit Facility and Extends $355 Million CMBS Loan

Reuters
Feb 19
<a href="https://laohu8.com/S/ONL">Orion Properties Inc</a>. Secures New $215 Million Revolving Credit Facility and Extends $355 Million CMBS Loan

Orion Properties Inc. entered into a new $215 million senior secured revolving credit facility with a bank group led by Wells Fargo, replacing its prior $350 million revolver and extending maturity to Feb. 18, 2029 while lowering the borrowing margin to SOFR plus 2.75%. The company also amended and extended its $355 million CMBS loan secured by 19 properties, pushing maturity to August 2030 while keeping the fixed rate at 4.971% and adding an excess cash flow sweep for principal paydowns and reserves.

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