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Prospect News home > News index > List of issuers Paydowns > Headlines for Altos Hornos de Mexico > News item
Published on 1/4/2024 in the Prospect News Bank Loan Daily.

Plymouth Industrial REIT to use asset sale proceeds to reduce debt

By Mary Katherine Stinson

Lexington, Ky., Jan. 4 – Plymouth Industrial REIT, Inc. intends to use the proceeds from the sale of its industrial building in Marlton, N.J., to pay down outstanding borrowings on its credit facility, according to a press release.

During the fourth quarter, Plymouth completed the $16.8 million sale, resulting in proceeds of $16.2 million.

The real estate investment trust is based in Boston.


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