America first multifamily investors, l.p.'s $50 million line of credit extended and amended

Omaha, neb., aug. 01, 2022 (globe newswire) -- on july 29, 2022, america first multifamily investors, l.p. (nasdaq: atax) (the “partnership”) entered into a second amendment to amended and restated credit agreement (the “second amendment”) with bankers trust company (“bankers trust”) which modifies certain provisions of the amended and restated credit agreement between the partnership and bankers trust dated august 23, 2021. the second amendment extends the maturity date of the partnership's $50 million secured, non-operating line of credit (the “line of credit”) to june 30, 2024 and provides the partnership with two optional one-year extensions, subject to certain conditions and fees. the second amendment also modified, among other things, certain financial covenants, events of default, and certain restricted payment provisions to be consistent with the partnership's other secured financing arrangements. the partnership also entered into a new revolving line of credit note which bears interest at the 1-month cme term sofr reference rate, which shall not be less than 0.10%, plus 2.50%.
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