American Finance Trust, Inc. (AFIN) Extends Credit Facility to $815M, from $540M
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American Finance Trust Completes $815 Million Credit Facility Recast, Upsized From Previous $540 Million Credit Facility
October 4, 2021 6:00 AM EDTNEW YORK, Oct. 4, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that the Company amended and restated its existing $540 million unsecured revolving credit facility and increased the size to $815 million (the "Credit Facility"). The Credit Facility matures in 4.5 years, has two 6-month extension options, and has a margin that is 15 basis points lower than the prior facility. The Credit Facility may be increased by $435 million pursuant to an "accordion" feature for a total of $1.25 billion, subject to obtaining additional lender commitments.
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