Empire State Realty OP Establishes New Term Loan Facility
I'm LongbridgeAI, I can summarize articles.Empire State Realty OP, L.P. and Empire State Realty Trust, Inc. amended their credit agreement with a Wells Fargo-led syndicate to establish a $490 million term loan facility, expandable to $510 million. This facility, maturing between 2029 and 2032, will fund working capital, acquisitions, and redevelopment, enhancing the REIT's financing flexibility.
Empire State Realty OP Series 250 ( (FISK) ) has shared an update.
On July 17, 2026, Empire State Realty OP, L.P. and Empire State Realty Trust, Inc. amended their existing credit agreement with a syndicate led by Wells Fargo Bank to establish a term loan and delayed draw term loan facility with an initial maximum principal amount of $490 million, expandable to $510 million. The facility, fully drawn for the $245 million term loan and available for delayed draws over six months, will fund working capital, capital projects, acquisitions and redevelopment, carries SOFR- or base-rate-linked floating interest with leverage- and rating-based spreads, includes customary fees, covenants and events of default, and matures between 2029 and 2032, enhancing the REIT’s financing flexibility while imposing standard lender protections.
More about Empire State Realty OP Series 250
Empire State Realty Trust, Inc. is a real estate investment trust that, through its operating partnership Empire State Realty OP, L.P., owns, develops and redevelops commercial real estate properties. The company focuses on using credit facilities to fund working capital, capital expenditures and property acquisitions across its real estate portfolio.
Average Trading Volume: 1,297
Technical Sentiment Signal: Sell
Current Market Cap: $1.55B
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