FrontView REIT Fixes $200 Million Term-Loan to Mitigate Interest Rate Volatility
FrontView REIT (NYSE: FVR) has announced the fixing of its $200 million term-loan at a three-year swap rate of 3.66%, resulting in an all-in borrowing rate of 4.96%. The strategic move aims to mitigate potential interest-rate risk through a fixed-rate structure. According to co-CEO and co-President Stephen Preston, the company maintains its focus on disciplined capital allocation and accretive investments to drive long-term shareholder value.
FrontView REIT (NYSE: FVR) ha annunciato la fissazione del suo prestito a termine di 200 milioni di dollari a un tasso swap triennale del 3,66%, risultando in un tasso di interesse totale del 4,96%. Questa mossa strategica mira a mitigare il potenziale rischio di tasso d'interesse attraverso una struttura a tasso fisso. Secondo il co-CEO e co-Presidente Stephen Preston, l'azienda mantiene il suo focus su un'allocazione disciplinata del capitale e investimenti accrescitivi per guidare il valore a lungo termine per gli azionisti.
FrontView REIT (NYSE: FVR) ha anunciado la fijación de su préstamo a término de 200 millones de dólares a una tasa swap a tres años del 3.66%, resultando en una tasa de interés total del 4.96%. Este movimiento estratégico tiene como objetivo mitigar el potencial riesgo de tasa de interés a través de una estructura de tasa fija. Según el co-CEO y co-Presidente Stephen Preston, la empresa mantiene su enfoque en una asignación disciplinada de capital y en inversiones que generen valor a largo plazo para los accionistas.
프론트뷰 REIT (NYSE: FVR)는 2억 달러의 기간 대출을 3년 스왑 금리 3.66%로 고정한다고 발표했습니다. 이로 인해 전체 차입 금리는 4.96%가 됩니다. 이 전략적 조치는 고정 금리 구조를 통해 잠재적인 금리 위험을 완화하는 것을 목표로 합니다. 공동 CEO이자 공동 회장인 스티븐 프레스턴에 따르면, 회사는 자본 배분의 규율과 장기 주주 가치를 창출하기 위한 투자에 집중하고 있습니다.
FrontView REIT (NYSE: FVR) a annoncé la fixation de son prêt à terme de 200 millions de dollars à un taux swap de trois ans de 3,66%, ce qui entraîne un taux d'emprunt global de 4,96%. Ce mouvement stratégique vise à atténuer les risques potentiels liés aux taux d'intérêt grâce à une structure à taux fixe. Selon le co-CEO et co-Président Stephen Preston, l'entreprise reste concentrée sur une allocation de capital disciplinée et des investissements créateurs de valeur à long terme pour les actionnaires.
FrontView REIT (NYSE: FVR) hat die Festlegung seines 200-Millionen-Dollar-Darlehens zu einem dreijährigen Swap-Zinssatz von 3,66% bekannt gegeben, was zu einem Gesamtkreditzinssatz von 4,96% führt. Dieser strategische Schritt zielt darauf ab, potenzielle Zinsrisiken durch eine Festzinsstruktur zu mindern. Laut dem Co-CEO und Co-Präsidenten Stephen Preston legt das Unternehmen Wert auf eine disziplinierte Kapitalallokation und wertschöpfende Investitionen, um den langfristigen Wert für die Aktionäre zu steigern.
- Fixed $200M term-loan reduces interest rate volatility risk
- Secured favorable 4.96% all-in borrowing rate for 3 years
- None.
“By locking in our term-loan for three years we believe we have prudently mitigated potential interest-rate risk,” said Stephen Preston, co-CEO and co-President. "Additionally, we continue to remain focused on disciplined capital allocation and accretive investments that we believe should drive long-term shareholder value.”
About FrontView REIT, Inc.
FrontView is an internally-managed net-lease REIT that acquires, owns and manages properties with frontage that are net leased to a diversified group of tenants. FrontView is differentiated by an investment approach focused on properties that are in prominent locations with direct frontage on high-traffic roads that are highly visible to consumers. FrontView’s tenants include service-oriented businesses, such as cellular stores, financial institutions, automotive stores, service and dealers, medical and dental providers, restaurants, fitness operations, pharmacies, convenience and gas stores, car washes, home improvement stores, grocery stores, professional services as well as general retail tenants.
Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies, and prospects, both business and financial. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “outlook,” “potential,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “projects,” “predicts,” “expect,” “intends,” “anticipates,” “estimates,” “plans,” “would be,” “believes,” “continues,” or the negative version of these words or other comparable words. Forward-looking statements, including our 2025 guidance and assumptions, involve known and unknown risks and uncertainties, which may cause FVR’s actual future results to differ materially from expected results, including, without limitation, risks and uncertainties related to general economic conditions, including but not limited to increases in the rate of inflation and/or interest rates, local real estate conditions, tenant financial health, property investments and acquisitions, and the timing and uncertainty of completing these property investments and acquisitions, and uncertainties regarding future distributions to our stockholders. These and other risks, assumptions, and uncertainties are described in “Risk Factors” of the Company’s Prospectus, which was filed with the SEC on October 2, 2024, which you are encouraged to read, and is available on the SEC’s website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company assumes no obligation to, and does not currently intend to, update any forward-looking statements after the date of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.
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Company Contact
media@frontviewreit.com
Source: FrontView REIT, Inc.
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