Four Springs Capital Trust secured a three-year revolving credit facility with a $75 million borrowing capacity with an additional $75 million expansion feature. Citizens Bank, Huntington Bank, Peapack-Gladstone Bank and Two River Community Bank participated in the new credit facility as lenders.
“Implementing this credit facility is a key step forward as we enter our next phase of growth,” said John Warch, chief financial officer of Four Springs. “This new credit facility will provide us with added financial flexibility, more efficient cash management and the ability to manage interest rate risk as we build out our portfolio of net leased properties.”
