Edition:
United States

AIMCO, others enter amendment, restatement of borrowers' existing senior secured revolving loan facility


Wednesday, 5 Jul 2017 04:46pm EDT 

July 5 (Reuters) - Apartment Investment And Management Co ::Apartment Investment And Management Co - on June 30, co, others entered amendment, restatement of borrowers' existing senior secured revolving loan facility.Apartment Investment And Management Co - new loan facility entered into to provide a portion of financing for purchase of 47% interest in Palazzo JV.Apartment Investment And Management-facility provides for $250 million term loan facility which was funded June 30, continues existing $600 million revolving facility.Apartment Investment And Management- borrowers have ability to increase aggregate revolving commitments and/or term loan commitments by up to $200 million.Apartment Investment And Management Co says term facility matures on June 30, 2018, but may be extended by one year, subject to conditions- SEC filing.Apartment Investment And Management Co - revolving commitments will expire on January 22, 2022.