One Liberty Properties, Inc. Expands Revolving Credit Facility Flexibility and Term
GREAT NECK, N.Y., Nov. 09, 2022 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE:OLP) entered into an amendment to its
Patrick J. Callan, Jr., President and Chief Executive Officer at One Liberty Properties, Inc., stated, “The increased financial flexibility of our credit facility further ensures that we are well-positioned to effectively navigate the challenging macro-economic environment and to take advantage of potential opportunities that could emerge. We remain committed to maintaining a strong balance sheet that supports our efforts to maximize long-term stockholder value.”
The financing is led by Manufacturers and Traders Trust Company and an affiliate of Valley National Bank.
About One Liberty Properties, Inc.:
One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property’s real estate taxes, insurance and ordinary maintenance and repairs.
Contact: Investor Relations
One Liberty Properties, Inc.
Telephone (516) 466-3100
www.1liberty.com