Ladder Announces $850 Million Revolving Credit Facility to Upsize and Extend Existing Facility and Reduce Cost of Debt
Portfolio Pulse from
Ladder Capital Corp has announced an $850 million revolving credit facility, replacing a previous $324 million facility. This new facility includes an option to increase borrowing up to $1.25 billion, aiming to reduce the company's cost of debt.
January 02, 2025 | 1:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ladder Capital Corp has secured an $850 million revolving credit facility, which replaces a previous $324 million facility. This move is expected to reduce the company's cost of debt and includes an option to increase borrowing up to $1.25 billion.
The new credit facility significantly increases Ladder's borrowing capacity and reduces its cost of debt, which is positive for the company's financial health and flexibility. This could lead to a positive short-term impact on LADR's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100