SAN FRANCISCO—Terreno Realty Corporation hascompleted the closing of a combined $200 millionunsecured credit facility to replace its existing $150million credit facility. The new credit facility isunsecured. Additional highlights are:
$50 Million Seven-Year Term Loan: The newseven-year unsecured term loan will mature on May 7, 2021 and theinterest rate will be LIBOR plus 1.75% to 2.30%, depending onleverage. Terreno Realty Corporation will have up to six months toborrow the full $50 million.
$100 Million Credit Facility: The $100 millionunsecured revolving credit facility maturity date was extended bytwo years to May 7, 2018. The interest rate decreased to LIBOR plus1.50%-2.05% (previously 1.65% to 2.65%), depending on leverage.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
