UMH Properties (UMH) Expands Existing Credit Facility
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UMH PROPERTIES, INC. EXPANDS ITS EXISTING UNSECURED REVOLVING CREDIT AGREEMENT
April 3, 2024 4:15 PM EDTFREEHOLD, NJ, April 03, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), announced today that it has expanded its existing unsecured revolving credit facility (the Facility) from $180 million in available borrowings to $260 million in available borrowings. The Facility is syndicated with three banks, BMO Capital MarketsCorp. (BMO), JPMorgan Chase Bank, N.A. (JPMorgan) and Wells Fargo Bank, N.A. (Wells Fargo) as joint arrangers and joint book runners, with Bank of Montreal as administrative agent.Â
