Plymouth Industrial REIT Upsizes Aggregate Borrowing Capacity to $1.5 Billion with New $600 Million Unsecured Credit Facility
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Plymouth Industrial REIT has increased its borrowing capacity to $1.5 billion by securing a new $600 million unsecured credit facility. This move enhances its financial flexibility and ability to pursue additional unsecured debt.
November 06, 2024 | 9:30 pm
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Plymouth Industrial REIT has secured a $600 million unsecured credit facility, increasing its total borrowing capacity to $1.5 billion. This enhances the company's financial flexibility and ability to pursue further unsecured debt.
The new $600 million unsecured credit facility significantly increases Plymouth Industrial REIT's borrowing capacity, which is likely to be viewed positively by investors as it enhances the company's financial flexibility and ability to pursue growth opportunities. This could lead to a positive short-term impact on the stock price.
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