Postal Realty Trust, Inc. Recasts and Expands Credit Facilities to $440 Million
Postal Realty Trust (NYSE:PSTL) has successfully recasted and expanded its credit facilities to $440 million, marking a significant enhancement to its financial structure. The 2025 Credit Facility includes a $150 million revolving credit facility (maturing November 2029), a $115 million term loan (maturing January 2030), and a $175 million delayed draw term loan facility (maturing February 2028).
The company has strengthened its financial position by extending maturity dates, with the revolving facility extended from January 2026 to November 2029 and the term loan from January 2027 to January 2030. Additionally, PSTL entered into a $40 million interest rate swap fixing the SOFR component through January 2030 at an all-in rate of 4.73%.
The facility includes an accordion feature allowing for up to $250 million in additional borrowing capacity.Postal Realty Trust (NYSE:PSTL) ha ristrutturato ed ampliato le proprie linee di credito portandole a 440 milioni di dollari, segnando un significativo miglioramento della sua struttura finanziaria. La Linea di credito 2025 comprende una linea revolving di 150 milioni di dollari (scadenza novembre 2029), un prestito a termine di 115 milioni di dollari (scadenza gennaio 2030) e una linea di prestito a termine a trattenuta differita di 175 milioni di dollari (scadenza febbraio 2028). L'azienda ha rafforzato la propria posizione finanziaria estendendo le date di scadenza, con la linea revolving estesa da gennaio 2026 a novembre 2029 e il prestito a termine da gennaio 2027 a gennaio 2030. Inoltre, PSTL ha stipulato uno swap sui tassi di interesse da 40 milioni di dollari che fissa la componente SOFR fino a gennaio 2030 al tasso complessivo dello 4,73%. L'impianto prevede una funzione di accordion che consente di aggiungere fino a 250 milioni di dollari di capacità di prestito.
Postal Realty Trust (NYSE:PSTL) ha reestructurado y ampliado sus facilidades de crédito a 440 millones de dólares, marcando una mejora significativa en su estructura financiera. La Facilidad de Crédito 2025 incluye una línea de crédito revolvable de 150 millones de dólares (madura en noviembre de 2029), un préstamo a término de 115 millones de dólares (madura en enero de 2030) y una línea de préstamo a término de retirada diferida de 175 millones de dólares (madura en febrero de 2028). La compañía ha fortalecido su posición financiera al extender las fechas de vencimiento, con la línea revolvable extendida desde enero de 2026 hasta noviembre de 2029 y el préstamo a término desde enero de 2027 hasta enero de 2030. Además, PSTL acordó un swap de tasa de interés de 40 millones de dólares que fija la componente SOFR hasta enero de 2030 a una tasa todo incluido del 4,73%. La facilidad incluye una característica de accordion que permite hasta 250 millones de dólares de capacidad adicional de endeudamiento.
Postal Realty Trust(NYSE:PSTL)은 신용시설을 4억4천만 달러로 재편하고 확장하는 데 성공했으며, 재무구조를 크게 강화했습니다. 2025년 신용시설에는 1억5천만 달러의 가변금리대출(만기 2029년 11월), 1억1천5백만 달러의 원금대출(만기 2030년 1월), 그리고 1억7천5백만 달러의 지연인출형 원금대출(만기 2028년 2월) 시설이 포함됩니다. 회사는 만기일을 연장해 신용자산을 강화했으며, 가변금리대출은 2026년 1월에서 2029년 11월로, 원금대출은 2027년 1월에서 2030년 1월로 연장했습니다. 또한 PSTL은 4천만 달러의 금리스와프를 체결해 2030년 1월까지 SOFR 구성요소를 고정하고, 전체 금리는 4.73%로 설정했습니다. 이 시설에는 최대 2억5천만 달러의 추가 차입 능력을 허용하는 Accordion 기능이 포함되어 있습니다.
Postal Realty Trust (NYSE:PSTL) a restructuré et étendu avec succès ses facilités de crédit à 440 millions de dollars, marquant une amélioration significative de sa structure financière. La facilité de crédit 2025 comprend une ligne de crédit renouvelable de 150 millions de dollars (échéance novembre 2029), un prêt à terme de 115 millions de dollars (échéance janvier 2030) et une ligne de prêt à terme à tirage différé de 175 millions de dollars (échéance février 2028). L'entreprise a renforcé sa position financière en prolongeant les dates d'échéance, la ligne renouvelable passant de janvier 2026 à novembre 2029 et le prêt à terme de janvier 2027 à janvier 2030. De plus, PSTL a conclu une opération de swap de taux d'intérêt de 40 millions de dollars fixant la composante SOFR jusqu'en janvier 2030 à un taux global de 4,73%. La facilité comprend une fonction d'accordeur permettant jusqu'à 250 millions de dollars de capacité d'emprunt supplémentaire.
Postal Realty Trust (NYSE:PSTL) hat seine Kreditfazilitäten erfolgreich umgestaltet und auf 440 Millionen US-Dollar erweitert, was eine deutliche Verbesserung der Finanzstruktur bedeutet. Die Kreditfazilität für 2025 umfasst eine revolvierende Kreditfazilität von 150 Millionen USD (Laufzeit bis November 2029), einen Tilgungsdarlehen von 115 Millionen USD (Laufzeit Januar 2030) und eine verzögerte Ziehungs-Terminglafazilität von 175 Millionen USD (Laufzeit Februar 2028). Das Unternehmen hat seine finanzielle Position gestärkt, indem es die Fälligkeiten verlängert hat, wobei die revolvierende Fazilität von Januar 2026 auf November 2029 verlängert wurde und der Tilgungsdarlehen von Januar 2027 auf Januar 2030. Zudem hat PSTL einen Zinsswap in Höhe von 40 Millionen USD abgeschlossen, der die SOFR-Komponente bis Januar 2030 auf einen Gesamtsatz von 4,73% festlegt. Die Fazilität enthält eine Accordion-Funktion, die zusätzliche Verschuldung von bis zu 250 Millionen USD ermöglicht.
Postal Realty Trust (NYSE:PSTL) أعادت هيكلة وتوسيع تسهيلات الائتمان لديها إلى 440 مليون دولار، ما يمثل تعزيزاً هاماً في هيكلها المالي. تتضمن تسهيلات الائتمان لعام 2025 خط ائتمان دوّار بقيمة 150 مليون دولار (يستحق في نوفمبر 2029)، وقرضاً لأجل بقيمة 115 مليون دولار (يستحق في يناير 2030)، وخط قرض لأجل بالسحب المؤجل بقيمة 175 مليون دولار (يستحق في فبراير 2028). قامت الشركة بتقوية وضعها المالي من خلال تمديد تواريخ الاستحقاق، حيث امتد الخط الدوار من يناير 2026 إلى نوفمبر 2029، والقرض لأجل من يناير 2027 إلى يناير 2030. بالإضافة إلى ذلك، أبرت PSTL مقايضة سعر فائدة بقيمة 40 مليون دولار تثبت مكوّن SOFR حتى يناير 2030 عند معدل شامِل قدره 4.73%. تتضمن التسهيلات خاصية Accordion تسمح بإضافة حتى 250 مليون دولار من قدرة الاقتراض الإضافية.
Postal Realty Trust（NYSE:PSTL） 已成功重组并扩展其信贷额度至 4.4亿美元，显著提升了其金融结构。2025年信贷安排包括 1.5亿美元的循环信贷额度（到期日为 2029 年 11 月）、1.15 亿美元的定期贷款（到期日为 2030 年 1 月）以及 1.75 亿美元的延后提款定期贷款额度（到期日为 2028 年 2 月）。公司通过将到期日向前延长来巩固其财务地位，循环额度由 2026 年 1 月延长至 2029 年 11 月，定期贷款由 2027 年 1 月延长至 2030 年 1 月。此外，PSTL 已签署 4,000 万美元的利率掉期，将 SOFR 成分固定至 2030 年 1 月，综合利率为 4.73%。该额度还包含一个 Accordion 功能，允许额外借款容量高达 2.5 亿美元。
- Credit facilities expanded by 53% from previous term loan amount
- Extended debt maturity profile to 2029-2030, improving long-term stability
- Increased financial flexibility with $250 million accordion feature
- Reduced interest rate risk through $40 million interest rate swap
- Strong lender relationships demonstrated by expanded banking syndicate
- Increased debt exposure with expanded facilities
- Interest rate margins remain tied to company's leverage ratio
- Current revolving facility has $13 million drawn
Insights
PSTL strengthened its financial position by expanding credit facilities to $440M and extending debt maturities, enhancing growth capacity.
Postal Realty Trust's significant credit facility expansion represents a substantial enhancement to the company's financial flexibility. The REIT has increased its total credit facilities by $175 million to $440 million while simultaneously extending key maturity dates - pushing its revolving facility out nearly four years to November 2029 and its term loan three years to January 2030.
The transaction brings several strategic advantages to PSTL's capital structure. First, the 53% expansion of the term loan from $75 million to $115 million provides more stable, longer-term financing. Second, by entering into an interest rate swap on $40 million that fixes the SOFR component through January 2030, management has prudently hedged against potential interest rate volatility, securing an all-in rate of
The additional $175 million delayed draw term loan facility through February 2028 gives PSTL significant dry powder for acquisitions without immediately incurring interest expenses. The accordion features allowing for up to $250 million in additional capacity further enhance this flexibility.
For a REIT focused on postal properties with over 2,200 assets leased primarily to the USPS, this transaction meaningfully strengthens PSTL's ability to continue its acquisition strategy while maintaining a healthy debt maturity profile. By reducing near-term refinancing risk and increasing liquidity, the company has positioned itself well despite today's challenging interest rate environment.
- Expands Aggregate Credit Facilities to
- Extends Maturity Date on Revolving Facility and Term Loan Facility to November 2029 and January 2030, respectively
- Enters into Interest Rate Swap on
CEDARHURST, N.Y., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE:PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 2,200 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, today announced it has closed on the recast and expansion of its credit facilities to
“We are excited to announce the upsizing of capacity on our unsecured corporate credit facilities and the extension of our debt maturity profile. This transaction increases Postal Realty Trust’s liquidity position and sets us up well for continued growth. We are grateful for our strong lender relationships and the continued support of our longtime lending partners,” said Jeremy Garber, President and Interim Chief Financial Officer.
The 2025 Credit Facility replaces the Company’s existing credit facility (the “Prior Credit Facility”) and consists of (i) a
In addition, on September 19, 2025, the Company entered into an interest rate swap having a notional amount of
A comparison of the 2025 Credit Facility with the Company’s Prior Credit Facility is set forth below:
| Key Metrics (1) | 2025 Credit Facility Revolver | Prior Credit Facility Revolver | 2025 Credit Facility Term Loan | Prior Credit Facility Term Loan |
| Loan Availability Amount | ||||
| Accordion Feature | ||||
| Interest Rate | SOFR plus a margin ranging from | SOFR plus a margin ranging from | SOFR plus a margin ranging from | SOFR plus a margin ranging from |
| SOFR-Related Spread Adjustment | N/A | 10 bps | N/A | 10 bps |
| Maturity Date | November 15, 2029 | January 30, 2026 | January 15, 2030 | January 29, 2027 |
| Extension Option | One 12-month extension | Two six-month extensions | One 12-month extension | N/A |
(1) All Key Metrics of the DDTL Facility from the Prior Credit Facility have not changed under the 2025 Credit Facility.
Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements.” Forward-looking statements include statements identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements, including, among others, statements regarding the Company’s anticipated growth and ability to obtain financing and close on pending transactions on the terms or timing it expects, if at all, are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the USPS’s terminations or non-renewals of leases, changes in demand for postal services delivered by the USPS, the solvency and financial health of the USPS, competitive, financial market and regulatory conditions, disruption in market, general real estate market conditions, the Company’s competitive environment and other factors set forth under “Risk Factors” in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
About Postal Realty Trust, Inc.
Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,200 properties leased primarily to the USPS. More information is available at postalrealtytrust.com.
Contact:
Investor Relations and Media Relations
Email: Investorrelations@postalrealtytrust.com
Phone: 516-232-8900
FAQ
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