JBG SMITH recasts revolving credit facility, extends maturity to Aug. 2030 with USD 690 million commitments
JBGS•Tranche A-2 term loan increased
The Tranche A-2 Term Loan was increased to $415 million.
- $243.9 million was extended to Aug. 25, 2028, with extension options to Aug. 25, 2031.
- The remaining $171.1 million matures on Jan. 13, 2028.
- The extended portion steps to SOFR + 1.65% at extension, reflecting a net 0.15% increase.
Credit facility recast and maturity extended
JBG SMITH Properties recast its Revolving Credit Facility, extending maturity to Aug. 27, 2030, with two six-month extension options to Aug. 27, 2031.
Aggregate commitments are set at $690 million. Pricing remains SOFR + 1.5% based on current leverage, and the 0.1% credit spread adjustment was removed.
The facility keeps an accordion feature for up to $560 million of additional revolver capacity or term loans, subject to conditions.
