America first multifamily investors, l.p. extends maturity of $50 million line of credit

Omaha, neb., aug. 25, 2021 (globe newswire) -- on august 23, 2021, america first multifamily investors, l.p. (nasdaq: atax) (the “partnership”) entered into an amended and restated credit agreement (the “amended credit agreement”) with bankers trust company (“bankers trust”) for a secured non-operating line of credit (“non-operating loc”) with a maximum commitment of $50 million. the amended credit agreement modifies certain provisions of the partnership's previous credit agreement with bankers trust dated may 14, 2015, as amended, including extension of the maturity date to june 30, 2023, and provides a first priority security interest in a custody account that will contain the partnership's investments purchased with advances on the non-operating loc. the partnership also entered into a new revolving note which bears interest at the wall street journal prime rate plus a margin.
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