Whitestone REIT (WSR) Closes $125M Unsecured Revolving Facility
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Whitestone REIT (AMEX: WSR) has closed on a new three-year $125 million unsecured revolving credit facility. The new credit facility will replace the existing $20 million facility with Bank of Montreal. The Company plans to use the new facility primarily for acquisitions, redevelopment of existing properties in its portfolio, and general corporate purposes.
The transaction was led by BMO Capital Markets as the Sole Lead Arranger and Sole Book Runner. Bank of Montreal is serving as the Administrative Agent. U.S. Bank National Association served as Syndication Agent, while Capital One, National Association, and Wells Fargo Bank, National Association served as Co-Documentation Agents. Also included in the lender group is MidFirst Bank.
The transaction was led by BMO Capital Markets as the Sole Lead Arranger and Sole Book Runner. Bank of Montreal is serving as the Administrative Agent. U.S. Bank National Association served as Syndication Agent, while Capital One, National Association, and Wells Fargo Bank, National Association served as Co-Documentation Agents. Also included in the lender group is MidFirst Bank.
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