Cedar Realty Trust Inc. has announced a new credit agreement, effective August 15, 2025, involving its subsidiary, Cedar Realty Trust Partnership, L.P., and KeyBank National Association, among other lenders. Under this agreement, the lenders will provide a staged advance credit facility amounting to $20 million. The facility allows Cedar Realty to request a loan advance monthly, with loans maturing on August 15, 2027, unless accelerated due to a default. The loans will accrue interest based on various rate options selected by the borrower, including the Base Rate, Daily Simple SOFR, or Term SOFR, each with an applicable margin. The agreement also includes guarantees from Cedar Realty Trust Inc., Wheeler Real Estate Investment Trust, Inc., and certain subsidiaries, with obligations secured by equity interests and the right to dividends and distributions from the borrower's subsidiaries.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cedar Realty Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000761648-25-000057), on August 19, 2025, and is solely responsible for the information contained therein.
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