Brief: Stratus Properties Says Unit Entered Into Modification Of Loan Agreement, Note, Mortgage & Other Loan Documents
06/04/2021 22:10
April 6 (Reuters) - Stratus Properties Inc STRS.O :
* STRATUS PROPERTIES - ON APRIL 1, UNIT ENTERED INTO
MODIFICATION
OF LOAN AGREEMENT, NOTE, MORTGAGE & OTHER LOAN DOCUMENTS
* STRATUS PROPERTIES INC - MODIFICATION AGREEMENT AMENDS
LOAN
AGREEMENT TO EXTEND MATURITY DATE FROM OCTOBER 5, 2022 TO
OCTOBER 5, 2024
* STRATUS PROPERTIES - AMENDS LOAN AGREEMENT TO ELIMINATE
REQUIREMENT THAT SANTAL MAKE MINIMUM AMORTIZATION PAYMENTS
BEGINNING IN NOV 2022
* STRATUS PROPERTIES - AMENDS LOAN AGREEMENT TO EXTEND
PERIOD
DURING WHICH LOAN MAY NOT BE PREPAID FROM APRIL 2020 TO JUNE
2022
* STRATUS PROPERTIES INC - EFFECTIVE APRIL 15, 2021, ANNUAL
INTEREST RATE ON LOAN WILL BE REDUCED FROM 4.80% TO 3.40%
Source: (https://bit.ly/3uwdFBo)
Further company coverage: STRS.O
((Reuters Messaging: Reuters.Briefs@thomsonreuters.com))
Recent news on Stratus Properties
See all newsBrief: Stratus Properties Inc. Announces Initial Liquidating Distribution Of $5.00 Per Share To Stockholders And Intention To Voluntarily Delist From Nasdaq And Deregister With SEC
Brief: Stratus Properties Inc. Completes Sale Of Jones Crossing – Retail For $46.5 Million
Brief: Stratus Properties - Announces Third Modification Agreement For Holden Hills Phase 1 Loan Effective June 8, 2026 - SEC Filing
Brief: Stratus Properties - Unit To Sell Jones Crossing Retail Component For $46.5 Million In Cash To Brixmor Operating Partnership LP
Stratus Properties Q1 revenue falls on asset sales