News

Broadstone Net Lease, Inc. Closes $800 Million Credit Facility

ROCHESTER, N.Y. – On June 23, 2017, Broadstone Net Lease, Inc. (“BNL”), a diversified triple-net commercial REIT, together with Broadstone Net Lease, LLC (the Operating Company) as borrower, announced it has secured an $800 million unsecured credit facility with a syndicate of leading real estate lenders. The credit facility contains an accordion feature that can increase the facility size up to a total of $1.0 billion, and includes (i) a $400 million senior unsecured revolving credit facility (the “Revolver”), (ii) a five-and-a-half-year, $250 million senior unsecured delayed draw term loan (the “5.5-Year Term Loan”), and (iii) a seven-year, $150 million senior unsecured delayed draw term loan (the “7-Year Term Loan”). Continue reading