Acres Commercial Realty Extends $250 Million Morgan Stanley Facility to November 2027

Bitget2026/11/06 21:20

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Acres Commercial Realty extended its subsidiary's $250 million master repurchase facility with Morgan Stanley Bank to November 3, 2027.
The November 2, 2026, amendment lowers minimum EBITDA-to-interest expense coverage to 1.15 times for quarters ending September 2026 through September 2027.
Minimum coverage rises to 1.25 times for December 2027 through March 2028, then 1.35 times thereafter.
Further one-year extensions require Morgan Stanley Mortgage Capital Holdings' consent.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Acres Commercial Realty Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-451872), on November 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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华尔街见闻•2026/11/08 12:41