Gladstone Commercial Corporation (NASDAQ: GOOD) has announced the amendment, extension, and upsizing of its syndicated revolving credit and term loan facility. The facility has been increased from $475 million to $600 million, with the option to further increase it by a maximum of $250 million, bringing the total credit facility to $850 million. The aggregate term loan component saw an increase of $50 million, while the revolving credit facility was upsized by $75 million.
The maturity dates for the term loan A and term loan B components have been extended until October 2029 and February 2030, respectively. Additionally, the revolving credit facility maturity has been extended to October 2029, and the amended credit facility now includes an option to extend the term loan C component until February 2029.
This move is aimed at providing Gladstone Commercial with significant liquidity to support its growth, future acquisitions, and overall business operations. The company's treasurer, Jay Beckhorn, expressed satisfaction with the support received from the bank group, commenting that the upsized facility provides them with substantial liquidity and a favorable extended debt maturity profile going forward.
Gladstone Commercial Corporation, a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States, is optimistic about the amended credit facility's role in their continued growth. As of June 30, 2025, the company's real estate portfolio consisted of 143 properties located in 27 states, totaling approximately 17.0 million square feet.
The company's Chief Financial Officer, Gary Gerson, highlighted the importance of the new facility in supporting their ongoing growth and expressed pleasure in welcoming two new banks to the credit facility, along with the continued support of their bank group.
The amended, extended, and upsized credit facility reflects Gladstone Commercial's strategic approach to securing the necessary resources to further its business objectives and expansion plans. Following these announcements, the company's shares moved 1.15%, and are now trading at a price of $11.44. For more information, read the company's full 8-K submission here.
