AG真人官方ty Income Recasts and Expands Credit Facilities to $5.38 Billion
AG真人官方ty Income has successfully expanded its credit facilities to $5.38 billion, including a new $1.38 billion facility for its U.S. Core Plus Fund. The company's main revolving credit facilities now total $4.0 billion with potential expansion to $5.0 billion, split into two $2.0 billion tranches maturing in 2027 and 2029.
The credit facilities feature favorable terms, with U.S. Dollar borrowing rates at 72.5 basis points over SOFR and a facility commitment fee of 12.5 basis points. A consortium of 25 lenders supports these facilities, led by Wells Fargo Bank as Administrative Agent.
The newly established U.S. Core Plus Fund facility comprises a $1.0 billion revolving credit facility and a $380 million delayed draw term loan, with expansion potential to $2.0 billion. The Fund, launched in late 2024, currently manages 184 industrial and retail properties across 33 states, focusing on generating dependable income through diversified U.S. net lease investments.
AG真人官方ty Income ha ampliato con successo le sue linee di credito a 5,38 miliardi di dollari, includendo una nuova linea da 1,38 miliardi di dollari destinata al suo U.S. Core Plus Fund. Le principali linee di credito revolving della societ脿 ammontano ora a 4,0 miliardi di dollari, con la possibilit脿 di espansione fino a 5,0 miliardi, suddivise in due tranche da 2,0 miliardi ciascuna con scadenze nel 2027 e nel 2029.
Le condizioni delle linee di credito sono vantaggiose, con tassi di interesse sul prestito in dollari USA pari a 72,5 punti base sopra il SOFR e una commissione di impegno della linea pari a 12,5 punti base. Un consorzio di 25 istituti finanziari sostiene queste linee, con Wells Fargo Bank come agente amministrativo.
La nuova linea di credito per l'U.S. Core Plus Fund comprende una linea revolving da 1,0 miliardi di dollari e un prestito a termine con prelievo differito da 380 milioni di dollari, con potenziale espansione fino a 2,0 miliardi. Il fondo, lanciato a fine 2024, gestisce attualmente 184 propriet脿 industriali e commerciali in 33 stati, concentrandosi sulla generazione di reddito affidabile attraverso investimenti diversificati in contratti di locazione netti negli Stati Uniti.
AG真人官方ty Income ha ampliado con 茅xito sus l铆neas de cr茅dito hasta 5.380 millones de d贸lares, incluyendo una nueva l铆nea de 1.380 millones de d贸lares para su U.S. Core Plus Fund. Las principales l铆neas de cr茅dito revolventes de la compa帽铆a suman ahora 4.000 millones de d贸lares, con posibilidad de ampliaci贸n hasta 5.000 millones, divididas en dos tramos de 2.000 millones cada uno con vencimientos en 2027 y 2029.
Las condiciones de estas l铆neas de cr茅dito son favorables, con tasas de inter茅s en d贸lares estadounidenses de 72,5 puntos b谩sicos sobre el SOFR y una comisi贸n por compromiso de la l铆nea de 12,5 puntos b谩sicos. Un consorcio de 25 prestamistas respalda estas facilidades, con Wells Fargo Bank como agente administrativo.
La nueva l铆nea para el U.S. Core Plus Fund consta de una l铆nea de cr茅dito revolvente de 1.000 millones de d贸lares y un pr茅stamo a plazo con desembolso diferido de 380 millones de d贸lares, con potencial de expansi贸n hasta 2.000 millones. El fondo, lanzado a finales de 2024, gestiona actualmente 184 propiedades industriales y comerciales en 33 estados, enfoc谩ndose en generar ingresos confiables mediante inversiones diversificadas en arrendamientos netos en EE.UU.
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AG真人官方ty Income a r茅ussi 脿 茅tendre ses facilit茅s de cr茅dit 脿 5,38 milliards de dollars, incluant une nouvelle facilit茅 de 1,38 milliard de dollars destin茅e 脿 son U.S. Core Plus Fund. Les principales facilit茅s de cr茅dit renouvelables de la soci茅t茅 s'茅l猫vent d茅sormais 脿 4,0 milliards de dollars, avec une possibilit茅 d'extension 脿 5,0 milliards, r茅parties en deux tranches de 2,0 milliards chacune arrivant 脿 茅ch茅ance en 2027 et 2029.
Les conditions de ces facilit茅s de cr茅dit sont avantageuses, avec des taux d'emprunt en dollars am茅ricains 脿 72,5 points de base au-dessus du SOFR et une commission d'engagement de 12,5 points de base. Un consortium de 25 pr锚teurs soutient ces facilit茅s, dirig茅 par Wells Fargo Bank en tant qu'agent administratif.
La nouvelle facilit茅 pour l'U.S. Core Plus Fund comprend une facilit茅 de cr茅dit renouvelable de 1,0 milliard de dollars et un pr锚t 脿 terme 脿 tirage diff茅r茅 de 380 millions de dollars, avec un potentiel d'extension 脿 2,0 milliards. Le fonds, lanc茅 fin 2024, g猫re actuellement 184 propri茅t茅s industrielles et commerciales dans 33 脡tats, se concentrant sur la g茅n茅ration de revenus fiables gr芒ce 脿 des investissements diversifi茅s en baux nets aux 脡tats-Unis.
AG真人官方ty Income hat seine Kreditfazilit盲ten erfolgreich auf 5,38 Milliarden US-Dollar ausgeweitet, einschlie脽lich einer neuen Fazilit盲t 眉ber 1,38 Milliarden US-Dollar f眉r seinen U.S. Core Plus Fund. Die Haupt-Revolving-Kreditfazilit盲ten des Unternehmens belaufen sich nun auf insgesamt 4,0 Milliarden US-Dollar mit der M枚glichkeit einer Erweiterung auf 5,0 Milliarden, aufgeteilt in zwei Tranchen zu je 2,0 Milliarden US-Dollar mit F盲lligkeiten in 2027 und 2029.
Die Kreditfazilit盲ten weisen g眉nstige Konditionen auf, mit US-Dollar-Kreditkosten von 72,5 Basispunkten 眉ber dem SOFR und einer Fazilit盲tsbereitstellungsgeb眉hr von 12,5 Basispunkten. Ein Konsortium von 25 Kreditgebern unterst眉tzt diese Fazilit盲ten, angef眉hrt von der Wells Fargo Bank als administrativem Agenten.
Die neu eingerichtete Fazilit盲t f眉r den U.S. Core Plus Fund besteht aus einer 1,0 Milliarden US-Dollar Revolving-Kreditfazilit盲t und einem 380 Millionen US-Dollar verz枚gerten Terminkredit mit Erweiterungspotential auf 2,0 Milliarden. Der Fonds, der Ende 2024 gestartet wurde, verwaltet derzeit 184 Industrie- und Einzelhandelsimmobilien in 33 Bundesstaaten und konzentriert sich darauf, verl盲ssliche Einnahmen durch diversifizierte US-Netto-Leasing-Investitionen zu generieren.
- Expanded total credit facilities to $5.38 billion, enhancing liquidity position
- New $1.38 billion credit facility established for U.S. Core Plus Fund, showing growth in private capital business
- Strong lender support with 25 banks participating in main facilities and 23 in Fund facilities
- Favorable borrowing rate of 85 basis points over SOFR for USD borrowings, reflecting strong A3/A- credit ratings
- Portfolio includes over 15,600 properties across multiple countries
- Consistent dividend performance with 658 consecutive monthly dividends and 30 years of increases
- Credit facilities subject to obtaining lender commitments for accordion expansion
- Additional debt could increase financial leverage and interest expenses
- Exposure to interest rate fluctuations through SOFR-based borrowing rates
Insights
AG真人官方ty Income enhances financial flexibility with $5.38B credit facility expansion, signaling strong banking relationships and future growth capacity.
AG真人官方ty Income's credit facility expansion represents a significant enhancement to the company's liquidity position, increasing total capacity to
The favorable pricing terms - just
The staggered maturity dates (extending to 2027 and 2029) with additional six-month extension options provide long-term stability to their capital structure. The participation of 25 lenders in the main facilities demonstrates robust banking relationships and market confidence in AG真人官方ty Income's business model and growth trajectory.
Most notably, the
Includes Establishment of
"We are grateful for the support of our longtime lending partners and their continued confidence in the AG真人官方ty Income platform. The recast includes the introduction of liquidity for our
AG真人官方ty Income's revolving credit facilities provide for updated capacity of
A total of 25 lenders are participating in the AG真人官方ty Income revolving credit facilities, including Wells Fargo Bank, National Association, as the Administrative Agent. Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., BofA Securities, Inc., TD Bank, N.A, and Mizuho Bank, Ltd. are serving as Joint Bookrunners.
A subsidiary of AG真人官方ty Income's
A total of 23 lenders are participating in the Fund credit facilities, including Wells Fargo Bank, National Association, as the Administrative Agent. Wells Fargo Securities, LLC and TD Bank, N.A., are serving as Joint Bookrunners.
About AG真人官方ty Income
AG真人官方ty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies庐. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of over 15,600 properties in all 50 U.S. states, the
About AG真人官方ty Income
In late 2024, AG真人官方ty Income established AG真人官方ty Income
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words "estimated," "anticipated," "expect," "believe," "intend," "continue," "should," "may," "likely," "plans," and similar expressions are intended to identify forward-looking statements. Forward-looking statements include discussions of our business and portfolio; growth strategies including our private capital fund business; liquidity and cash flows; and the intentions of management.聽Forward-looking statements are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our continued qualification as a real estate investment trust; general domestic and foreign business, economic, or financial conditions; competition; fluctuating interest and currency rates; inflation and its impact on our clients and us; access to debt and equity capital markets and other sources of funding (including the terms and partners of such funding); continued volatility and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients' solvency, client defaults under leases, increased client bankruptcies, potential liability relating to environmental matters, illiquidity of real estate investments, and potential damages from natural disasters; impairments in the value of our real estate assets; changes in domestic and foreign income tax laws and rates; property ownership through co-investment ventures, funds, joint ventures, partnerships and other arrangements which may transfer or limit our control of the underlying investments; epidemics or pandemics, including measures taken to limit their spread, the impacts on us, our business, our clients, and the economy generally; the loss of key personnel; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; the anticipated benefits from mergers and acquisitions; and those additional risks and factors discussed in our reports filed with the聽U.S.聽Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are not guarantees of future plans and performance and speak only as of the date of this press release. Actual plans and operating results may differ materially from what is expressed or forecasted in this press release and forecasts made in the forward-looking statements discussed in this press release might not materialize. We do not undertake any obligation to update forward-looking statements or publicly release the results of any forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.
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FAQ
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