Armada Hoffler Announces Closing of $100 Million Fixed-Rate Unsecured Term Loan

December 7, 2022

https://www.globenewswire.com/news-release/2022/12/07/2569049/0/en/Armada-Hoffler-Announces-Closing-of-100-Million-Fixed-Rate-Unsecured-Term-Loan.html

VIRGINIA BEACH, Va., Dec. 07, 2022 (GLOBE NEWSWIRE) — Armada Hoffler (NYSE:AHH) today announced that it has initiated a new $100 million unsecured term loan with the option to increase the total capacity to $200 million. Proceeds from the term loan have been used to unencumber the company’s newly stabilized Wills Wharf asset, as well as three Town Center of Virginia Beach retail assets. The new term loan matures concurrently with the existing line in January 2027 at a fixed interest rate of 4.79%.

Read more at globenewswire.com

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