During 2011 we paid off $219 million of secured mortgages so at year end our unencumbered pool now represents 84% of our total assets compared to 77% of our asset base at year end 2010. The bank financing the particulars of which are detailed on page six of the supplemental package was announced at the end of December. It funded last week and the combination of our line of credit renewal and three individual term loans accomplished the following objectives. First, it fully retired the balance on our revolving credit facility. As such, we do not have any outstanding balance on our new four year $600 million revolving line of credit and more importantly, our current business plan does not anticipate any draws on this facility during 2012.
Brandywine Discusses Q4 2011 & Year End 2011 - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.