Reported Earlier, Acadia Realty Trust Expands $750M Senior Unsecured Revolving Credit And Term Loan Facility
Portfolio Pulse from Benzinga Newsdesk
Acadia Realty Trust has expanded its senior unsecured revolving credit and term loan facility to $750M, with options to extend and expand to $900M. The facility now matures on April 15, 2028.

April 16, 2024 | 8:18 am
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Acadia Realty Trust's expanded credit facility enhances its financial flexibility and growth potential.
The expansion of the credit facility to $750M, with the option to extend the maturity date and increase the facility to $900M, indicates a strong financial position and trust from lenders. This could positively impact investor confidence and Acadia Realty Trust's ability to finance future expansions or investments, potentially leading to a positive short-term impact on its stock price.
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IMPORTANCE 80
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