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HGIT Properties adds $300 million term loan maturing in three years
By Wendy Van Sickle
Columbus, Ohio, Dec. 21 – Hines Global Income Trust, Inc.’s majority owned subsidiary, HGIT Properties, LP, entered into an amended and restated credit agreement with JPMorgan Chase Bank, NA as administrative agent on Monday to add a $300 million term loan, bringing the total term loan capacity under the credit agreement to $1,025,000,000, according to an 8-K filing with the Securities and Exchange Commission.
The new term loan has a maturity date of Dec. 20, 2024, subject to two one-year extension options.
Hines Global Income Trust is a real estate investment trust based in Houston.
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