CTO Realty Growth Closes $1.0 Billion Unsecured Credit Agreement
Key Highlights
- ➤CTO Realty Growth (CTO) closes $1.0 billion amended and restated unsecured credit facility
- ➤$250 million incremental commitments increase CTO’s borrowing capacity
- ➤Weighted average debt maturity rises to 4.3 years from 1.6 years
- ➤Nearest maturity extends to September 2029, excluding extension options
- ➤Initial fixed rates range from 3.4% to 5.3% across term loans
Expert Statements
Philip R. Mays, Senior Vice President, Chief Financial Officer and Treasurer of CTO Realty Growth
“The new Credit Facility extends our debt maturity profile and increases total commitments by $250 million, providing additional capacity to fund the ongoing growth of our high-quality, open-air shopping center portfolio. We appreciate the continued support of our existing banking partners and are pleased to welcome our new lenders to the expanded Credit Facility”
- Extends Debt Maturities with Nearest Maturity September 2029 - - Enhances Financial Flexibility with $250 Million of Incremental Commitments -
WINTER PARK, Fla., Sept. 30, 2026 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”), an owner and operator of high-quality, open-air shopping centers located primarily in the higher growth Southeast and Southwest markets of the United States, today announced that it closed a $1.0 billion amended and restated unsecured credit facility (the “Credit Facility”). Highlights are as follows: * $1.0 billion Credit Facility comprised of: * A $400 million revolving credit facility due September 2030, with two six-month extension options, * A $150 million term loan due September 2029, upsized from $125 million (the “2029 Term Loan”), * A $150 million term loan due September 2030, upsized from $125 million (the “2030 Term Loan”), * A new $150 million term loan due September 2031 (the “2031 Term Loan”), and * A new $150 million term loan due March 2032 (the “2032 Term Loan”)
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