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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
JPMorgan Chase Agents $675MM Revolver for Colony Starwood Homes
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Lenders/Participants
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JPMorgan Chase Bank [Administrative Agent]
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Structure
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Senior Secured Revolver
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Amount
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$675.000
Million
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Borrower(s)
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Colony Starwood Homes Partnership, L.P. a wholly-owned subsidiary of Colony Starwood Homes
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Description
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The credit agreement provides for a $675.0 million senior secured revolving credit facility, which will mature on April 27, 2020, with a one-year extension option subject to certain conditions. The Facility was undrawn as of the effective date. Loans and letters of credit are available under the Facility, subject to customary conditions, for working capital and other general corporate purposes, including acquisitions and debt refinancing. The credit agreement includes an accordion feature to increase the size of the Facility to up to $1.2 billion, subject to satisfying certain requirements and obtaining lender commitments.
The company concurrently terminated its two existing secured revolving credit facilities.
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Industry
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Real Estate
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| Related Tags |
JPMorgan Chase Bank
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ABL Advisor
Deal Tables
2025
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