Seven Hills Realty Trust Enters into a $125 Million Master Repurchase Facility with Wells Fargo Bank, N.A.
“This new financing arrangement with Wells Fargo further diversifies SEVN’s capital sources at attractive pricing that will help with the continued execution of our business strategy and enhance our return on equity. In combination with SEVN’s existing secured financings, this repurchase facility increases the company’s total debt capacity to more than
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This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever SEVN uses words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “will,” “may” and negatives or derivatives of these or similar expressions, SEVN is making forward-looking statements. These forward-looking statements are based upon SEVN’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by SEVN’s forward-looking statements as a result of various factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond SEVN’s control. For example:
- Advances under this facility are subject to SEVN satisfying certain financial covenants and other facility conditions that SEVN may be unable to satisfy. In addition, actual costs under the financing facility will be higher than SOFR plus an applicable margin because of fees and expenses associated with the facility.
- Statements about the continued growth of SEVN’s loan portfolio may imply that SEVN will successfully grow its loan portfolio and that it will benefit as a result. However, SEVN’s ability to make additional loans is subject to various risks, including competition, demand for loans of the type SEVN provides, SEVN’s ability to successfully negotiate and enter into loan agreements and other matters. In addition, any growth of its loan portfolio may not benefit SEVN if, for example, SEVN does not realize the returns it expects from that growth.
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You should not place undue reliance upon forward-looking statements.
Except as required by law, SEVN does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
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