CORRECTION FROM SOURCE: Gladstone Commercial Amends, Extends and Upsizes Credit Facility

Rhea-AI Summary

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.

Positive

• 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

Negative

• None.

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 $475 million to $600 million, with an option to increase such amount by a maximum of $250 million for a total credit facility of $850 million. The aggregate term loan component was upsized by $50 million, while the revolving credit facility was upsized by $75 million. The increased availability under the facility will support the company's growth, providing liquidity for future acquisitions and business operations.

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
Gary.Gerson@gladstone.com		Jay.Beckhorn@gladstone.com
Investor or Media Inquiries:
Buzz Cooper		Catherine Gerkis
President		Director of Investor Relations/ESG
(703) 287-5815		(703) 287-5846
Buzz.Cooper@gladstone.com		Catherine.Gerkis@gladstone.com

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?

Gladstone Commercial amended and upsized its syndicated credit and term loan facility from $475M to $600M with an option to increase $250M to a $850M total.

How were the revolving credit and term loan components changed in the GOOD facility amendment?

The revolving credit was upsized by $75M and the aggregate term loan component was upsized by $50M.

What are the new maturities for Gladstone Commercial's (GOOD) credit facility after the amendment?

The revolver maturity was extended to October 2029; Term Loan A to October 2029; Term Loan B to February 2030; Term Loan C has an extension option to February 2029.

How will the amended GOOD credit facility be used by Gladstone Commercial?

The company said the increased availability will provide liquidity to support future acquisitions and ongoing business operations.

Which banks led the amended credit facility for Gladstone Commercial (GOOD)?

Key Bank led as joint lead arranger and book manager, with Bank of America, Huntington and Fifth Third as joint lead arrangers.