trending Market Intelligence /marketintelligence/en/news-insights/trending/OFFmruRbzbGacQoFYbw3xQ2 content esgSubNav
In This List

Automotive Properties replaces, extends credit facility

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Automotive Properties replaces, extends credit facility

Automotive Properties REIT traded its current C$14.6 million revolving credit facility due October 2019 for a new C$34 million credit facility due December 2022.

The new credit facility is made up of a C$20 million nonrevolving loan and a C$14 million revolving credit facility, which both bear interest at the Bankers Acceptance rate plus 150 basis points or the Canadian prime rate plus 50 basis points, similar to the terms of its former credit facility.