Alpine Income Property Trust closes $175 million unsecured financing with Truist-led banks
Bitget2026/10/29 20:29- Alpine Income Property Trust closed $175 million in unsecured financing with a bank syndicate led by Truist Bank.
- The new $100 million 2030 Term Loan matures in October 2030, initially carrying an approximately 4.6% fixed interest rate.
- Revolving Credit Facility commitments increased by $75 million to $325 million from $250 million, expanding liquidity for future acquisitions.
- Existing SOFR swaps totaling $100 million transferred to the term loan; $50 million matures in January 2027, the remainder in March 2028.
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