Southland Closed A New $160M Senior Secured Term Loan Facility With Callodine Commercial Finance. The New Facility Consists Of $140M Initial Draw Term Loan And A $20M Committed Delayed Draw Term Loan, Which Are Due In 2028
Portfolio Pulse from Benzinga Newsdesk
Southland has secured a new $160 million senior secured term loan facility with Callodine Commercial Finance, consisting of a $140 million initial draw and a $20 million committed delayed draw, both due in 2028.
October 03, 2024 | 11:26 am
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Southland has secured a $160 million senior secured term loan facility with Callodine Commercial Finance, which includes a $140 million initial draw and a $20 million committed delayed draw, both due in 2028. This move strengthens Southland's financial position.
The new loan facility provides Southland with significant capital, enhancing its liquidity and financial stability. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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