{"id":830313,"date":"2022-10-27T19:07:44","date_gmt":"2022-10-27T17:07:44","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/modiv-announces-expanded-400-million-credit-facility\/"},"modified":"2022-10-27T19:07:44","modified_gmt":"2022-10-27T17:07:44","slug":"modiv-announces-expanded-400-million-credit-facility","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/modiv-announces-expanded-400-million-credit-facility\/","title":{"rendered":"Modiv Announces Expanded $400 Million Credit Facility"},"content":{"rendered":"NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Modiv Inc. (\u201cModiv\u201d or the \u201cCompany\u201d) (NYSE:MDV), an internally managed real estate investment trust (\u201cREIT\u201d) that acquires, owns, and manages a diversified portfolio of single-tenant net-lease real estate properties, announced that it successfully exercised the accordion feature of its Credit Facility on October 21, 2022. The Credit Facility was increased to $400 million and is now comprised of a $150 million revolving credit facility (the \u201cRevolver\u201d) and a $250 million term loan (the \u201cTerm Loan\u201d) (together, the \u201cCredit Facility\u201d). The Credit Facility includes an updated accordion option that allows the Company to request additional Revolver and Term Loan lender commitments up
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NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Modiv Inc. (\u201cModiv\u201d or the \u201cCompany\u201d) (NYSE:MDV), an internally managed real estate investment trust (\u201cREIT\u201d) that acquires, owns, and manages a diversified portfolio of single-tenant net-lease real estate properties, announced that it successfully exercised the accordion feature of its Credit Facility on October 21, 2022. The Credit Facility was increased to $400 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-830313","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nModiv Announces Expanded $400 Million Credit Facility - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/modiv-announces-expanded-400-million-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Modiv Announces Expanded $400 Million Credit Facility - BeBeez\" \/>\n<meta property=\"og:description\" content=\"NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Modiv Inc. (\u201cModiv\u201d or the \u201cCompany\u201d) (NYSE:MDV), an internally managed real estate investment trust (\u201cREIT\u201d) that acquires, owns, and manages a diversified portfolio of single-tenant net-lease real estate properties, announced that it successfully exercised the accordion feature of its Credit Facility on October 21, 2022. 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