13:26:54 EDT Sat 10 Jun 2023
Enter Symbol
or Name

INDUS Announces Repayment of Construction Loan

2022-09-12 17:00 ET - News Release

Company Website: https://indusrt.com/
NEW YORK -- (Business Wire)

INDUS Realty Trust, Inc. (Nasdaq: INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced that it has repaid its $26.3 million construction loan using cash on hand. As a result of the paydown, the Company has no floating rate debt outstanding and no debt maturities prior to 2027. Additionally, the property located at 9817 Old Statesville Road in Charlotte, North Carolina, which was previously encumbered by the loan, has become an unencumbered asset of the Company.

INDUS is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/logistics properties. INDUS owns 39 buildings totaling approximately 5.7 million square feet in Connecticut, Pennsylvania, North Carolina, South Carolina and Florida.


Ashley Pizzo
Vice President, Capital Markets & Investor Relations
(212) 218-7914

Jon Clark
Executive Vice President, Chief Financial Officer
(860) 286-2419

Source: INDUS Realty Trust, Inc.

© 2023 Canjex Publishing Ltd. All rights reserved.