|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Key Bank, PNC Lead EdR’s Senior Unsecured Facility
Tuesday, January 22, 2013
|
Lenders/Participants
|
KeyBanc Capital Markets [Lead Lender]
PNC Capital Markets [Co-Lead Arranger, Joint Bookrunner]
RBC Capital Markets [Co-Lead Arranger, Joint Bookrunner]
Regions Capital Markets [Co-Lead Arranger]
Key Bank [Administrative Agent]
|
|
Structure
|
Senior Unsecured Revolver
|
|
Amount
|
$375.000
Million
|
|
Borrower(s)
|
Edr
|
|
Description
|
Restatement and amendment to its revolving credit facility. The credit facility will increase in size to $375 million from $175 million. This facility also contains an accordion feature which allows EdR to increase the size of the credit facility to $500 million. The credit facility has an initial term of four years with one 12-month extension available under certain conditions. At the borrower's option, the interest rate per annum is equal to a base rate or LIBOR plus an applicable margin ranging from 145 to 205 basis points, depending upon leverage. Remaining lender group comprising PNC Bank National Association, Regions Bank, Royal Bank of Canada, Bank of America, N.A., U.S. Bank National Association, First Tennessee Bank, N.A. and Metropolitan Bank.
|
|
Industry
|
Real Estate
|
| Related Tags |
KeyBank, PNC Bank
|
ABL Advisor
Deal Tables
2025
|
|
|
|