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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BMO Capital Markets, Others Boost Revolver Commitment to Global Medical REIT
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Lenders/Participants
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BMO Capital Markets [Joint Lead Arranger, Joint Bookrunner]
SunTrust Robinson Humphrey [Joint Lead Arranger, Joint Bookrunner]
Citizens Bank [Joint Lead Arranger, Lender, Lender, Joint Bookrunner]
BMO Harris Bank [Lender]
SunTrust Bank [Lender]
The Huntington National Bank [Lender]
Comerica Bank [Lender]
KeyBank [Lender]
Branch Banking & Trust Co. [Lender]
Franklin Synergy [Lender]
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Structure
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Revolver Increase
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Amount
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$200.000
Million
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Borrower(s)
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Global Medical REIT Inc.,
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Description
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Increased the commitment amount on the previously-announced senior revolving credit facility with BMO Harris Bank N.A. to $200 million plus an accordion feature that allows for up to an additional $50 million of principal amount subject to certain conditions. The amount available to borrow from time to time under the Credit Facility is limited according to a quarterly borrowing base valuation of certain properties owned by subsidiaries of the Company.As detailed in the credit agreement, the Credit Facility bears annual interest at a floating rate that is based on the Company’s consolidated leverage ratio, with a maximum rate of 300 basis points over LIBOR, and the Company is obligated to pay a quarterly fee that is based upon the average daily unused commitments.
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Industry
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Real Estate
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| Related Tags |
BMO Capital Markets, BMO Harris Bank, Branch Banking and Trust Co., Citizens Bank, Comerica Bank, Franklin Synergy, KeyBank, SunTrust Bank, SunTrust Robinson Humphrey, The Huntington National Bank
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ABL Advisor
Deal Tables
2025
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