Brief: Ladder Announces $850 Mln Credit Facility To Upsize And Extend Existing Facility And Reduce Cost Of Debt

Ladder Capital

02/01/2025 14:04

Jan 2 (Reuters) - Ladder Capital Corp  LADR.N :
    * LADDER ANNOUNCES $850 MILLION REVOLVING CREDIT FACILITY TO
UPSIZE AND EXTEND EXISTING FACILITY AND REDUCE COST OF DEBT
    * LADDER CAPITAL CORP - CREDIT FACILITY INCLUDES 'ACCORDION'
FEATURE TO INCREASE BORROWING TO $1.25 BILLION
    * LADDER CAPITAL CORP - NEW CREDIT FACILITY REPLACES PRIOR
$324
MILLION FACILITY

Source text:  ID:nBw2XTM6ja 
Further company coverage:  LADR.N 

 ((Reuters.Briefs@thomsonreuters.com;))