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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
M&T Bank Amends, Expands Revolving Credit Facility for One Liberty Properties
Friday, November 11, 2022
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Lenders/Participants
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M&T Bank Corporation [Lender]
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Structure
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Revolving Credit Facility
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Amount
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$100.000
Million
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Borrower(s)
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One Liberty Properties
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Description
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An amendment to its $100 million credit facility which extends the facility through December 2026, increases the amount available to be borrowed for renovation and operating expense purposes to the lesser of $40 million and 40% of the borrowing base, provides that the interest rate will be based on 30-day SOFR and requires compliance with certain amended and additional covenants. Net proceeds received from the sale, financing or refinancing of properties are generally required to be used to repay amounts outstanding under the facility.
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Industry
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Real Estate
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| Related Tags |
Commercial Real Estate, M&T Bank, Manufacturers and Traders Trust Company
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ABL Advisor
Deal Tables
2025
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