Gramercy Property Trust repays and terminates revolver, term loans

By Sarah Lizee

Olympia, Wash., Oct. 10 – Gramercy Property Trust repaid in full all debt under its revolving credit and term loan agreement with JPMorgan Chase Bank, NA as administrative agent and its term loan agreement with Capital One, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The company repaid and terminated the facilities on Wednesday in connection with its $7.6 billion acquisition by affiliates of Blackstone Real Estate Partners VIII LP.

There were no early termination penalties, the filing noted.

New York-based Gramercy is an investor and asset manager of commercial real estate.

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