Gladstone Commercial Corp Increases Credit Facility to $600M

By Tamara Parker • Wednesday, October 15 06:04 • Permanent Link

Gladstone Commercial Corporation (NASDAQ: GOOD) has announced significant changes to its syndicated revolving credit and term loan facility. The company has amended, extended, and upsized its credit facility from $475 million to $600 million, with the option to increase the amount by a maximum of $250 million, bringing the total credit facility to $850 million.

The aggregate term loan component was increased by $50 million, while the revolving credit facility was increased by $75 million. This move aims to support the company's growth and provide liquidity for future acquisitions and business operations.

In addition to the upsizing, the maturity dates for the term loan components have been extended. The revolving credit facility maturity was extended to October 2029, while the maturity dates for the term loan A and term loan B components were extended until October 2029 and February 2030, respectively. Furthermore, the amended credit facility provides the company with an option to extend the term loan C component until February 2029.

This transaction was executed with the support of the company's bank group, led by Key Bank as joint lead arranger and book manager, along with Bank of America, The Huntington National Bank, and Fifth Third Bank National Association as joint lead arrangers.

With these changes, Gladstone Commercial aims to secure significant liquidity and a favorable extended debt maturity profile for its future growth.

As of June 30, 2025, Gladstone Commercial's real estate portfolio consisted of 143 properties located in 27 states, totaling approximately 17.0 million square feet.

For financing inquiries, individuals can reach out to Gary Gerson, Chief Financial Officer, at (703) 287-5889 or [email protected], and Jay Beckhorn, Executive Vice President & Managing Director, Finance, at (703) 287-5823 or [email protected]. For investor or media inquiries, contact Buzz Cooper, President, at (703) 287-5815 or [email protected], and Catherine Gerkis, Director of Investor Relations/ESG, at (703) 287-5846 or [email protected]. The market has reacted to these announcements by moving the company's shares 1.15% to a price of $11.44. If you want to know more, read the company's complete 8-K report here.

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