- $200 Million Revolving Credit Facility. The unsecured revolving credit facility was increased from $100 million to $200 million and the maturity was extended to August 2020. The interest rate on the unsecured revolving credit facility decreased to LIBOR plus 1.35%-1.90% (previously 1.50% to 2.05%), depending on leverage.
- $50 Million Term Loan. The maturity date of the $50 million unsecured term loan was extended by approximately two years to August 2021. The interest rate on the $50 million unsecured term loan decreased to LIBOR plus 1.30%-1.85% (previously 1.50% to 2.05%), depending on leverage.
- $100 Million Term Loan. The maturity date of the $100 million unsecured term loan was extended by approximately two years to January 2022. The interest rate on the $100 million unsecured term loan decreased to LIBOR plus 1.30%-1.85% (previously 1.50%-2.05%), depending on leverage.
Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management's beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate", "believe", "estimate", "expect", "intend", "may", "might", "plan", "project", "result", "should", "will", and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2015 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise.