The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Citibank Agents New $100MM Revolving Credit Facility for The RMR Group
Tuesday, January 28, 2025
Lenders/Participants
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Citibank [Administrative Agent, Collateral Agent] Bank of America [Joint Lead Arranger] PNC Bank [Joint Lead Arranger]
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Structure
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Senior Secured Revolving Credit Facility
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Amount
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$100.000
Million
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Borrower(s)
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The RMR Group
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Description
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A new $100 million senior secured revolving credit facility. The 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.
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Industry
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Real Estate
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Location
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MA
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Related Tags |
Bank Lender, Bank of America, Citibank, Commercial Real Estate, PNC Bank, The RMR Group
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ABL Advisor
Deal Tables
2025
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