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BRIEF-Istar announces proposed financing transactions
September 11, 2017 / 8:18 PM / 10 days ago

BRIEF-Istar announces proposed financing transactions

Sept 12 (Reuters) - Istar Inc

* Istar announces proposed financing transactions

* Istar Inc - ‍To arrange a repricing and extension of Istar’s existing senior secured term loan facility​

* Istar Inc - ‍Maturity date of facility would be extended from July 2020 to September 2021​

* Istar - Seeking to amend and extend its existing $250 million secured revolving credit facility to increase commitments under facility to $300 million​

* Istar - ‍In connection with repricing, Istar would utilize cash on hand to repay outstanding loans under facility to reduce facility’s principal amount​

* Istar Inc - ‍Seeking to extend maturity date from March 2018 to September 2020 for existing $250 million secured revolving credit facility​

* Istar Inc - ‍Repricing to reduce facility’s aggregate principal amount from $473 million to $400 million​ Source text for Eikon: Further company coverage:

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