News Breaks |
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| October 16, 2012 |
| 05:22 EDT |  | SFI | iStar Financial closes new $1.82B senior secured credit facility
iStar Financial announced that it has entered into a new $1.82B senior secured credit facility due Oct. 15, 2017. The new term loan bears interest at a rate of LIBOR plus 4.50% with a 1.25% LIBOR floor and was issued at 99.0% of par. Proceeds from the new financing will be used to refinance the remaining balances of the company's existing 2011 A-1 / A-2 secured credit facilities in their entirety. |
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