Alpine Income closes new term loan and expands revolving credit capacity
Alpine Income Property Trust ($PINE) closed financing arrangements adding a $100 million term loan due in October 2030 and increasing revolving credit commitments by $75 million. The revolver now provides $325 million of capacity, up from $250 million. Management said the combined $175 million increase in potential liquidity would support future acquisitions and improve funding flexibility. The property trust moved $100 million of existing interest-rate swaps from the revolver to the new term lo
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