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Retail Value Inc. has entered into an amendment

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Enterprising Investor Member Level  Friday, 03/29/19 04:49:58 PM
Re: None
Post # of 40 
Retail Value Inc. has entered into an amendment to modify the interest rate applicable to the $900 million mortgage refinancing that closed on 3/11/19 (3/29/19)

The weighted average interest rate on the notes issued by the subsidiaries in connection with the refinancing will be equal to one-month LIBOR plus 230 basis points, which is below the refinancing’s initial rate of one-month LIBOR plus 250 basis points and the previous loan’s initial rate of one-month LIBOR plus 315 basis points.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
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