trending Market Intelligence /marketintelligence/en/news-insights/trending/9X4GNQeS2jV3mzgwjC86VQ2 content esgSubNav
In This List

Carey Watermark terminates credit facility

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends


Carey Watermark terminates credit facility

Carey Watermark Investors Inc. terminated its existing senior unsecured revolving credit facility with Wells Fargo Bank NA as the administrative agent by repaying the $22.8 million outstanding under the facility.

The company repaid the amount using funds borrowed from unsecured loans of up to $25.0 million provided by its sponsor W. P. Carey Inc. The loans bear an interest rate equal to the rate at which W. P. Carey is able to borrow funds under its senior credit facility.

The Wells Fargo facility was scheduled to expire Dec. 4.