Whitestone REIT Expands and Extends $750 Million Credit Facility, Securing Lower Interest Rates and Additional Borrowing Capacity
Whitestone REIT has expanded its credit facility to $750 million, comprising a $375 million revolver and a $375 million term loan. The new terms include lower interest rates, with the revolver at SOFR plus 1.40% and the term loan at SOFR plus 1.35%. The facility matures in 2029 and 2031, respectively, and strengthens Whitestone's financial position by reducing variable debt to approximately 12% and increasing borrowing capacity. The arrangement was made with leading financial institutions such as BMO Capital Markets and BofA Securities.
HOUSTON, Sept. 22, 2025 - Whitestone REIT (NYSE: WSR) has announced a significant amendment and expansion of its credit facility through its operating partnership, Whitestone REIT Operating Partnership, L.P. The credit facility, now totaling $750 million, consists of a $375 million revolver and a $375 million term loan. The revolver is set to mature in September 2029, with options for two six-month extensions, and the term loan will mature in January 2031. The new terms feature lower interest rates, with the revolver at SOFR plus 1.40% and the term loan at SOFR plus 1.35%. Additionally, interest rate swaps have been secured to fix the term loan rates. This amendment strengthens Whitestone’s financial position by locking down earnings variables, extending their weighted average maturity to 2030, reducing variable debt to approximately 12%, and increasing borrowing capacity. The updated facility was arranged with a consortium of leading financial institutions including BMO Capital Markets Corp., BofA Securities, Inc., and others. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Whitestone REIT published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9532502-en) on September 22, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
