05:08 PM EDT, 10/08/2025 (MT Newswires) -- Global Medical REIT ( GMRE ) said Wednesday it amended and restated its credit facility to extend maturities of its borrowings.
The $400 million revolving credit facility now matures in October 2029, with options to extend to 2030 and the existing $350 million Term Loan A was divided into three tranches maturing between 2029 and 2031, according to a statement.
The company also entered into $350 million of forward starting interest rate swaps to fix borrowing costs on the new term loans. Following the changes, Global Medical REIT ( GMRE ) said the weighted average term of its debt increased to 4.4 years.