Equity LifeStyle Properties Secures $415 Million in New Unsecured Term Loan Facilities
Bitget2026/11/13 21:22- Equity LifeStyle Properties amended its loan agreement November 10, 2026, adding $415 million in senior unsecured facilities with Wells Fargo as administrative agent.
- The $215 million term loan matures March 31, 2032; the $200 million delayed draw term loan matures November 10, 2031.
- Term loan proceeds repaid credit-line borrowings; a planned January 21, 2027, delayed draw would refinance an existing $200 million term loan.
- Both facilities are interest-only, priced at SOFR plus 1.15%-1.6%; swaps fix $200 million of the term loan at 5.48%.
- The new facilities can increase by up to $200 million at the borrower's request, subject to conditions.
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