BSR Real Estate Investment Trust Announces Accretive Refinancing of Revolving Credit Facility and Extension of Secured Term Loan

▤ Summary

BSR Real Estate Investment Trust announced that it has refinanced and extended the maturity of its $500 million Senior Secured Revolving Credit Facility (the "Credit Facility"). Separately, the REIT also extended its $160 million Secured Term Loan, which encumbers four properties. The Credit Facility includes a one-year extension option, at the REITs election, which could further extend the maturity to December 2030, subject to the satisfaction of certain conditions. The global credit spread adjustment was removed in connection with the refinancing. The Secured Term Loan continues to bear interest at SOFR plus 1.30%.

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