CORRECTION FROM SOURCE: Gladstone Commercial Amends, Extends and Upsizes Credit Facility
Gladstone Commercial (Nasdaq:GOOD) amended, extended and upsized its syndicated revolving credit and term loan facility from $475 million to $600 million, with an option to increase by up to $250 million for a $850 million total capacity. The term loan component was upsized by $50 million and the revolving credit by $75 million. The revolver maturity was extended to October 2029; Term Loan A and Term Loan B maturities were extended to October 2029 and February 2030, respectively, and the facility includes an option to extend Term Loan C until February 2029.
The company said the increased availability will support growth, liquidity for future acquisitions and operations, and was arranged by a bank group led by Key Bank with participation from Bank of America, Huntington and Fifth Third.
Gladstone Commercial (Nasdaq:GOOD) ha modificato, esteso e aumentato la propria linea di credito revolving sindacata e i prestiti a termine da 475 milioni di dollari a 600 milioni, con l'opzione di aumentare fino a 250 milioni di dollari per una capacità totale di 850 milioni. La componente di prestito a termine è stata aumentata di 50 milioni e il credito revolving di 75 milioni. La scadenza del revolver è stata estesa a ottobre 2029; le scadenze di Term Loan A e Term Loan B sono state estese rispettivamente a ottobre 2029 e febbraio 2030, e la facility include l'opzione di estendere Term Loan C fino a febbraio 2029.
La società ha dichiarato che l'aumento della disponibilità sosterrà la crescita, la liquidità per futuri acquisti e operazioni, ed è stato predisposto da un gruppo di banche guidato da Key Bank con la partecipazione di Bank of America, Huntington e Fifth Third.
Gladstone Commercial (Nasdaq:GOOD) ha enmendado, extendido y aumentado su facilitat de crédito revolvente sindicada y su crédito a plazo de 475 millones a 600 millones de dólares, con una opción de incremento de hasta 250 millones de dólares para una capacidad total de 850 millones. El componente de préstamo a plazo se incrementó en 50 millones y el crédito revolvente en 75 millones. La madurez del revolver se extendió a octubre de 2029; las maturidades de Term Loan A y Term Loan B se extendieron respectivamente a octubre de 2029 y febrero de 2030, y la facilidad incluye una opción para extender Term Loan C hasta febrero de 2029.
La compañía dijo que la mayor disponibilidad respaldará el crecimiento, la liquidez para futuras adquisiciones y operaciones, y fue organizada por un grupo bancario liderado por Key Bank con la participación de Bank of America, Huntington y Fifth Third.
Gladstone Commercial (Nasdaq:GOOD)가 신디케이트 신용한도 및 약정 대출 시설을 4억7500만 달러에서 6억 달러로 수정, 연장 및 확대했으며, 총능력을 최대 8억5천만 달러까지 늘릴 수 있는 옵션이 있습니다. 약정 대출 구성요소의 규모는 5000만 달러 증가했고, 회전신용은 7천5백만 달러 증가했습니다. revolver 만료일은 2029년 10월로 연장되었고, Term Loan A, Term Loan B 만료일은 각각 2029년 10월과 2030년 2월로 연장되었으며, Term Loan C를 2029년 2월까지 연장할 수 있는 옵션이 포함되어 있습니다.
회사에 따르면 증가한 가용성은 성장, 향후 인수 및 운영에 대한 유동성을 지원하며, Key Bank를 주도 그룹으로, Bank of America, Huntington 및 Fifth Third의 참여로 은행 그룹이 구성되어 있습니다.
Gladstone Commercial (Nasdaq:GOOD) a modifié, prolongé et augmenté sa facilité de crédit renouvelable syndiquée et son prêt à terme, passant de 475 millions à 600 millions de dollars, avec une option d’augmentation jusqu’à 250 millions de dollars pour une capacité totale de 850 millions. La composante prêt à terme a été augmentée de 50 millions et le crédit renouvelable de 75 millions. L’échéance du revolver a été allongée jusqu’au octobre 2029 ; les échéances des emprunts Term Loan A et Term Loan B ont été prolongées respectivement jusqu’au octobre 2029 et février 2030, et la facilité comprend une option d’étendre Term Loan C jusqu’au février 2029.
La société a déclaré que l’augmentation de la disponibilité soutiendra la croissance, la liquidité pour des acquisitions et des opérations futures, et a été organisée par un groupe bancaire dirigé par Key Bank avec la participation de Bank of America, Huntington et Fifth Third.
Gladstone Commercial (Nasdaq:GOOD) hat seine syndizierte revolvierende Kreditlinie und Term Loan-Fazilität überarbeitet, verlängert und aufgestockt von 475 Millionen auf 600 Millionen US-Dollar, mit der Option, um bis zu 250 Millionen zu erhöhen, für eine Gesamtkapazität von 850 Millionen. Der Begriffsdarlehen-Teil wurde um 50 Millionen erhöht und der revolvierende Kredit um 75 Millionen. Die Revolverlaufzeit wurde bis Oktober 2029 verlängert; Fälligkeitsdaten von Term Loan A und Term Loan B wurden auf Oktober 2029 bzw. Februar 2030 verlängert, und die Facility enthält eine Option zur Verlängerung von Term Loan C bis Februar 2029.
Das Unternehmen sagte, dass die erhöhte Verfügbarkeit Wachstum, Liquidität für künftige Akquisitionen und Operationen unterstützen wird, und sie wurde von einer Bankgruppe unter Führung von Key Bank mit Beteiligung von Bank of America, Huntington und Fifth Third arrangiert.
Gladstone Commercial (Nasdaq:GOOD) عدلت وموّدت وكبّرت تسهيلها الإئتماني الدوري المساند والقرض لأجل من 475 مليون دولار إلى 600 مليون دولار، مع خيار لزيادة حتى 250 مليون دولار لإجمالي قدرة قدرها 850 مليون دولار. تمت ترقية مكوّن القرض لأجل بمقدار 50 مليون دولار وزادت الاعتماد الائتماني القابل للد revolving بمقدار 75 مليون دولار. تم تمديد ميعاد سريان revolver إلى أكتوبر 2029; تم تمديد تواريخ استحقاق Term Loan A و Term Loan B إلى أكتوبر 2029 وفبراير 2030 على التوالي، وتشتمل التسهيلة على خيار لتمديد Term Loan C حتى فبراير 2029.
قالت الشركة إن زيادة التوفر ستدعم النمو والسيولة للمبيعات المستقبلية والعمليات، وأنها ترتبها مجموعة بنوك بقيادة Key Bank بمشاركة Bank of America و Huntington و Fifth Third.
Gladstone Commercial (Nasdaq:GOOD) 已修改、延長並增資其 syndicate revolving credit 和 Term Loan facility，從 4.75 億美元增至 6 億美元，並且可選再增加至最高 2.5 億美元，使總容量達到 8.5 億美元。 Term Loan 組件增加了 5,000 萬美元， revolver 增至 7,500 萬美元。 revolver 到期日延長至 2029 年 10 月；Term Loan A 與 Term Loan B 的到期日分別延長至 2029 年 10 月 和 2030 年 2 月，並且該設施包含可以將 Term Loan C 延長至 2029 年 2 月 的選項。
該公司表示，增加的可用性將支持增長、未來收購與營運的流動性，並由以 Key Bank 為主導、Bank of America、Huntington 和 Fifth Third 參與的銀行團體安排。
- Facility increased from $475M to $600M
- Optional accordion adds up to $250M for $850M total capacity
- Revolver upsized by $75M
- Term loan upsized by $50M
- Revolver maturity extended to October 2029
- Term Loan B maturity extended to February 2030
- None.
Insights
Gladstone Commercial secured a larger, longer-dated credit package, improving near-term liquidity and extending debt maturities.
Gladstone Commercial increased its syndicated facility from
The facility pushes core maturities later: the revolver and Term Loan A now mature in
Key dependencies and risks include covenant terms, pricing (spread and fees), and the conditions tied to the optional
Correction in points of contact for this release
MCLEAN, VA / ACCESS Newswire / October 14, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") announced that it amended, extended and upsized its syndicated revolving credit and term loan facility from
The revolving credit facility maturity was extended to October 2029 and the maturity dates for the Term Loan A and Term Loan B components were extended until October 2029 and February 2030, respectively. The amended credit facility also provides the company with an option to extend the Term Loan C component until February 2029.
"We are pleased to announce the successful execution of this transaction with the support of our bank group, led by Key Bank as joint lead arranger and book manager, as well as Bank of America, The Huntington National Bank and Fifth Third Bank National Association as joint lead arrangers. The upsized facility provides us with significant liquidity and a favorable extended debt maturity profile going forward," remarked Jay Beckhorn, Treasurer of Gladstone Commercial.
"We're very pleased to welcome two new banks to the credit facility and the continued support of our bank group. This new facility will be instrumental in our continued growth," said Gary Gerson, Chief Financial Officer of Gladstone Commercial.
About Gladstone Commercial Corporation (Nasdaq: GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of June 30, 2025, Gladstone Commercial's real estate portfolio consisted of 143 properties located in 27 states, totaling approximately 17.0 million square feet. For additional information please visit www.gladstonecommercial.com.
For Financing Inquiries: | ||
Gary Gerson | Jay Beckhorn | |
Chief Financial Officer | Executive Vice President & Managing Director, Finance | |
(703) 287-5889 | (703) 287-5823 | |
Investor or Media Inquiries: | ||
Buzz Cooper | Catherine Gerkis | |
President | Director of Investor Relations/ESG | |
(703) 287-5815 | (703) 287-5846 | |
All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information:
Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
SOURCE: Gladstone Commercial Corporation
View the original press release on ACCESS Newswire
FAQ
What change did Gladstone Commercial (GOOD) announce on October 14, 2025 regarding its credit facility?
How were the revolving credit and term loan components changed in the GOOD facility amendment?
What are the new maturities for Gladstone Commercial's (GOOD) credit facility after the amendment?
How will the amended GOOD credit facility be used by Gladstone Commercial?
Which banks led the amended credit facility for Gladstone Commercial (GOOD)?
