Brief: Griffin Industrial announces mortgage loan refinancing

Indus Realty Trust

17/07/2017 16:36

July 17 (Reuters) - Griffin Industrial Realty Inc  GRIF.O  
    * Griffin announces mortgage loan refinancing 
    * Griffin industrial realty inc - new loan has a variable 
interest rate based on one-month libor rate plus 2.05% 
    * Griffin industrial -immediately prior to refinancing, 
existing loan had a balance of approximately $10.1 million with 
a maturity date of february 1, 2019 
    * Griffin industrial realty inc - refinanced mortgage loan 
is for $10.6 million 
    * Griffin industrial - entered into interest rate swap 
agreement with berkshire effectively fixes interest rate on new 
loan at 4.39% over term of new loan 
    * Griffin industrial realty - excess proceeds from loan 
refinancing were used to pay for termination of interest rate 
swap agreement on existing loan 
 
Source text for Eikon:  ID:nGNXOADEWa  
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