Highlands REIT, Inc. Prepaids in Full All of the Remaining Outstanding Indebtedness Under the Secured Revolving Credit Facility
March 31, 2021 at 11:18 am
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On March 29, 2020, Highlands REIT, Inc. repaid in full all of the remaining outstanding indebtedness under the secured revolving credit facility (Revolving Credit Facility) pursuant to that certain Credit Agreement, dated as of February 15, 2019, by and among the Company, as borrower, and certain of its subsidiaries, as guarantors, The Huntington National Bank, individually and as administrative agent, issuing lender, lead arranger, book manager and syndication agent, and the other lenders thereunder (the credit agreement"), consisting of approximately $15 million of principal plus accrued and unpaid interest thereon. The Credit Agreement and related security interests, and all commitments thereunder, were terminated in conjunction with such payment in full. The Revolving Credit Facility would have matured on February 15, 2022.
Highlands REIT, Inc. is a self-advised and self-administered real estate investment trust (REIT). The Company owns and manages substantially all of the non-core investment properties. The Company operates through two segments: multi-family and other. The Company's portfolio of investment properties consisted of 13 multi-family, three retail, one office and two industrial properties, one correctional facility and one parcel of unimproved land, which are all located in the United States. The Company's properties include 1620 Central, Buerger Brothers Lofts, Chamber Lofts, Kenilworth Court, Tennyson44, The Detroit and Detroit Terraces, The Lafayette, The Locale, The Muse, The Sterling, Hudson Correctional Facility, Market at Hilliard, The Q Lofts, Sherman Plaza and others.
HIGHLANDS REIT, INC. 
