Loan & DebtJul 29, 2026, 04:47 PM
Broadstone Net Lease Secures $300M Term Loan, Reduces Interest Rates
AI Summary
Broadstone Net Lease, Inc. entered into Amendment No. 2 to its Amended and Restated Credit Agreement, securing an additional $300 million Term Loan II Facility maturing on January 30, 2030. This amendment also reduces the applicable interest rate margins for all term loans. Additionally, the company executed a Third Amendment to its Regions Term Loan Agreement to conform its provisions with the amended A&R Credit Agreement.
Key Highlights
- Secured $300,000,000 additional Term Loan II Facility.
- Term Loan II Facility matures on January 30, 2030.
- Operating Company has option to extend Term Loan II Facility twice for 12 months each.
- Reduced applicable interest rate margin for all term loans under the A&R Credit Agreement.
- Revolving Loan Facility margin now 0.675% to 1.350% (Term Benchmark/RFR) and 0.000% to 0.350% (Base Rate).
- Term Loan Facility margin now 0.750% to 1.550% (Term Benchmark/RFR) and 0.000% to 0.550% (Base Rate).
- Current margins based on Baa2/BBB rating: Revolving Loan 0.800%, Term Loan 0.900%.
- Third Amendment to Regions Term Loan Agreement conforms terms to A&R Credit Agreement.
Price Impact
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