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BRIEF-WPT Industrial REIT To Acquire $226 Mln Infill Logistics Portfolio And Credit Facility Amendment

Published 2019-03-26, 07:45 a/m
BRIEF-WPT Industrial REIT To Acquire $226 Mln Infill Logistics Portfolio And Credit Facility Amendment
WIRu
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March 26 (Reuters) - WPT Industrial Real Estate Investment Trust WIRu.TO :

* WPT INDUSTRIAL REIT ANNOUNCES AGREEMENT TO ACQUIRE US$226 MILLION INFILL LOGISTICS PORTFOLIO AND CREDIT FACILITY AMENDMENT

* WPT INDUSTRIAL REAL ESTATE INVESTMENT TRUST - DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO REIT'S ADJUSTED FUNDS FROM OPERATIONS

* WPT INDUSTRIAL REIT - DEA EXPECTED TO BE FUNDED WITH CASH ON HAND AND PROCEEDS FROM REITS SENIOR UNSECURED CREDIT FACILITY

* WPT INDUSTRIAL REAL ESTATE INVESTMENT TRUST - REIT HAS RECEIVED LENDER COMMITMENTS TO AMEND AND EXTEND CREDIT FACILITY

* WPT INDUSTRIAL REIT - INCREASING CREDIT FACILITY AVAILABILITY FROM US$300 MILLION TO US$450 MILLION AND MAINTAINING AN ADDITIONAL US$300 MILLION ACCORDION FEATURE

* WPT INDUSTRIAL REIT - DELAYED DRAW TERM LOAN WILL HAVE INITIAL DRAW PERIOD OF ONE YEAR FROM DATE OF AMENDMENT AND MATURE IN MARCH 2024.

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