Centerspace expands capacity with $100 million term loan

Minneapolis , nov. 28, 2022 /prnewswire/ -- centerspace (nyse: csr) announced that on november 22, 2022, it closed on a $100 million term loan with pnc bank as administrative agent. the loan currently bears interest at a floating rate of 1.20% to 1.75% over the secured overnight financing rate, or sofr, based upon centerspace's leverage ratio and is for a term of one year with a one-year extension option.
CSR Ratings Summary
CSR Quant Ranking