Greystone Housing Impact Investors LP Increases Line of Credit to $50 Million
OMAHA, Neb., March 06, 2024 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that on March 4, 2024, it closed on a $10 million increase in the maximum available commitment of its secured revolving Line of Credit facility (“LOC”) to up to $50 million.
- OMAHA, Neb., March 06, 2024 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that on March 4, 2024, it closed on a $10 million increase in the maximum available commitment of its secured revolving Line of Credit facility (“LOC”) to up to $50 million.
- The additional $10 million commitment was provided by a new lender to the Partnership.
- An affiliate of the Partnership’s general partner provides a deficiency guaranty for the facility.
- “The increase in LOC commitment provided by a new lender further enhances our available liquidity and demonstrates the Partnership’s ability to obtain additional credit from lenders,” said Kenneth C. Rogozinski, Chief Executive Officer of the Partnership.