Broadstone Net Lease ( (BNL) ) has issued an announcement.
On February 28, 2025, Broadstone Net Lease, Inc. announced the closing of a $1.5 billion Amended and Restated Credit Agreement, which includes a $1 billion revolving credit facility and a $500 million term loan. The new credit facilities, which replace the existing $400 million term loan due in February 2026, enhance the company’s financial flexibility by providing increased liquidity, improved borrowing rates, and favorable adjustments to financial covenants. This move is expected to support Broadstone’s growth objectives and strengthen its financial position, with no near-term debt maturities until April 2027.
More about Broadstone Net Lease
Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease Real Estate Investment Trust (REIT) that invests primarily in single-tenant commercial real estate properties. These properties are net leased on a long-term basis to a diversified group of tenants. As of December 31, 2024, BNL’s portfolio consisted of 765 net leased commercial properties, with 758 located in 44 U.S. states and seven in four Canadian provinces, spanning industrial, retail, and other property types.
YTD Price Performance: 7.39%
Average Trading Volume: 1,109,674
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.18B
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