HOUSTON, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that through its operating partnership, Whitestone REIT Operating Partnership, L.P. (the “Operating Partnership”), it has amended and extended its $515 million credit facility, comprised of a $250 million revolver and $265 million term loan. The facility, which can be increased to $715 million through an accordion feature is scheduled to mature, for the $250 million revolver, on September 16, 2026, with two additional six-month options to extend the maturity date to September 16, 2027, and for the $265 million term loan on January 31, 2028. Borrowings under the facility accrue interest (at the Operating Partnership's option) at a Base Rate or an Adjusted Term SOFR plus an applicable interest rate margin based upon the Company’s then existing leverage. The revolver has an initial interest rate of SOFR plus 1.60%(1) and a 10 basis point credit spread adjustment. In addition, the Company entered into interest rate swaps to fix the interest rates on the $265 million term loan. The term loan has the following rates:

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