Brown Rudnick served as legal advisor to Plymouth Industrial REIT (Plymouth) in a recast of its unsecured credit facilities, which increases the real estate investment company’s total potential borrowing capacity to $1.5 billion.
Plymouth announced the transaction on Nov. 6, noting that the facility, combined with a recent capital raising, should provide sufficient liquidity for the company to execute its growth plans.
KeyBanc Capital Markets served as Joint Lead Arranger and KeyBank National Association served as Administrative Agent. Capital One, National Association, JPMorgan Chase Bank, and Truist Bank Securities served as Joint Lead Arrangers and Co-Syndication Agents. The Huntington National Bank, Regions Capital Markets and U.S. Bank, National Association served as Documentation Agents. Other lenders include Bank of America, The Bank of Nova Scotia, Associated Bank, Bank of Montreal, Wells Fargo Bank, National Association, Synovus Bank, and S&T Bank.
Headquartered in Boston, Plymouth (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.
Partner Kevin P. Joyce led the Brown Rudnick team, which also included partner Jonathan Nye, associate Jane Motter, and law clerk Avani Dhamsania.
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