trending Market Intelligence /marketintelligence/en/news-insights/trending/hDWvgDWgE5esVSfYp3pknw2 content esgSubNav
In This List

Automotive Properties signs rate swaps of C$126M on credit facilities

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


Automotive Properties signs rate swaps of C$126M on credit facilities

Toronto-based Automotive Properties REIT signed interest rate swap deals worth C$126.0 million on its credit facilities.

The deals cover C$15.0 million with a six-year term, C$66.6 million with a seven-year term and C$44.4 million with a 10-year term.

The company also blended and extended C$37.2 million of July 2020 interest rate swaps to a weighted average term of 5.6 years.

The automotive dealership-focused real estate investment trust's fixed weighted average effective interest rate on its debt, excluding revolving credit facilities, now stands at 3.79%.