|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Citibank Agents $100MM Revolving Credit Facility for The RMR Group
|
Lenders/Participants
|
Citibank [Administrative Agent, Collateral Agent, Joint Lead Arranger]
Bank of America [Joint Lead Arranger]
PNC Bank [Joint Lead Arranger]
|
|
Structure
|
Senior Secured Revolving Credit Facility
|
|
Amount
|
$100.000
Million
|
|
Borrower(s)
|
Th RMR Group
|
|
Description
|
he initial maturity date of the new credit facility is January 22, 2028, and it includes a one-year extension at RMR’s option, subject to payment of extension fees and satisfaction of other customary conditions. Amounts drawn under the new credit facility bear interest at a variable rate based on SOFR plus a margin of 2.25% per annum. Undrawn amounts under the new credit facility incur a fee of 0.50% per annum. The new credit facility is secured by substantially all of the assets of RMR and will be used for general corporate purposes.
|
|
Industry
|
Real Estate
|
|
Location
|
MA
|
| Related Tags |
Bank of America, Citibank, Commercial Real Estate, Lender Finance, PNC Bank, The RMR Group
|
ABL Advisor
Deal Tables
2025
|
|
|
|