Four Springs Capital Trust Inks $75 Million Credit Facility

Four Springs Capital Trust, a private real estate investment trust, closed on a new $75 million revolving credit facility with a $75 million accordion expansion option to increase the facility size up to $150 million. The initial term is three years and matures on January 29, 2019.

The company’s previous secured revolving credit facilities totaled $25 million.

KeyBank Capital Markets Inc. is acting as lead arranger, and KeyBank National Association is the administrative agent. Additional participants in the facility are Two River Community Bank and Peapack-Gladstone Bank.

“The closing of this facility marks a milestone in Four Springs’ progress. It will provide the company with increased flexibility and a reduced cost of capital which will be instrumental in meeting our targets of accelerating expansion of our real estate portfolio,” said William Dioguardi, chief executive officer of Four Springs Capital Trust. “It greatly increases our ability to take advantage of favorable acquisition opportunities as they arise and will be instrumental to Four Springs’ growth trajectory.”

Four Springs Capital Trust is focused on acquiring a diversified portfolio of retail, industrial/warehouse and healthcare properties net leased to investment grade and other creditworthy tenants under long-term leases.

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