Acadia Realty Trust expands revolving credit facility to $525.0 million and repays $175.0 million term loan
Acadia Realty Trust's operating partnership amended its credit facility on September 12, 2024, raising the revolving credit line from $350.0 million to $525.0 million and the accordion capacity from $900.0 million to $1.1 billion. The same day, it used cash on hand and borrowings under the amended facility to repay in full a $175.0 million term loan, with no early termination penalties reported. The filing shows added borrowing capacity and a retired term loan, but it does not state the new facility's drawn balance or pricing changes.
- Revolving credit facility increased from $350.0 million to $525.0 million on the same terms.
- Accordion feature capacity raised from $900.0 million to $1.1 billion.
- $175.0 million term loan under the April 6, 2022 agreement repaid in full on September 12, 2024.
- No early termination penalties were incurred, according to the filing.