JBG SMITH PropertiesJBGS
▲ PositiveCapitalrelevance
Company extends and increases credit facility, improving liquidity and financial flexibility.
Impact on stocks 1
Real Estate
JBG SMITH PropertiesJBG SMITH Properties announced Thursday that its operating partnership amended and extended its $690 million revolving credit facility, pushing the maturity to August 27, 2030, with two six-month extension options. The company also increased its Tranche A-2 Term Loan to $415 million and extended the maturity of $243.9 million of that loan to August 2028, with three one-year extension options. The revolving facility's interest rate remains SOFR plus 1.50%, while the credit spread adjustment was removed.
JBG SMITH PropertiesCompany extends and increases credit facility, improving liquidity and financial flexibility.