WHLR Real Estate Investment Trust Further Reduces Debt
WHLR Real Estate Investment Trust Further Reduces Debt
VIRGINIA BEACH, Va., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Wheeler Real Estate Investment Trust, Inc. ( WHLR)(“Wheeler” or the “Company”), a fully-integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers, today announced that it has reduced the balance on the Company’s KeyBank line of credit below $10 million.
維吉尼亞海灘，維吉尼亞州，2020 年 1 月 29 日（環球美通社）-- 惠勒房地產投資信託基金，公司（ WLR）（「Wheeler」或「公司」），一家完全集成的自我管理商業房地產投資公司，專注於擁有和經營以雜貨固定中心為主的產生收入的零售物業，今天宣布將公司 KeyBank 信貸額度的餘額減少在 1000 萬美元以下。
“This is another deliberate step in reducing the carrying balance on our KeyBank line of credit, which has been reduced from $68 million since we began our strategic transformation in January 2018,” stated David Kelly, President and CEO. “This refinancing demonstrates our commitment to reducing our overall debt and the strong relationship we have with KeyBank to help us reach our stated goals of creating a solid, flexible balance sheet.”
總裁兼執行長 David Kelly 表示：「這是減少 KeyBank 信貸額度帳面餘額的另一個故意步驟，自從我們於 2018 年 1 月開始進行戰略轉型以來，該額度已從 68 億美元減少。「這種再融資表明了我們對減少整體債務的承諾以及與 KeyBank 的牢固關係，以幫助我們實現創建堅實，靈活的資產負債表的既定目標。」
The Company obtained a 5-year fixed rate term loan with Citibank®for $6 million at an interest rate of 4.45%, which is approximately 84 basis points below the current interest rate on the Company’s KeyBank line of credit as of December 31, 2019. The new loan is secured by the Shoppes at Myrtle Park, a 56,601 square-foot shopping center located in South Carolina, which was previously encumbered on the Company’s KeyBank line of credit.
截至 2019 年 12 月 31 日，公司以 600 萬美元向花旗銀行取得 5 年定息定期貸款，利率為 4.45%，比公司 KeyBank 信貸額度低當前利率約 84 個基點。這筆新貸款由位於南卡羅來納州的默特爾公園購物中心（位於南卡羅來納州的 56,601 平方英尺的購物中心）擔保，該購物中心曾受到公司的 KeyBank 信貸額度的抵押。
In addition, the Company sold St. Matthews, a 29,015 square-foot shopping center in South Carolina for approximately $1.78 million. The proceeds of the sale have been used to pay down the KeyBank line of credit.
此外，該公司以約 $1.78 萬美元的價格出售了南卡羅來納州一個 29,015 平方英尺的購物中心聖馬修斯。銷售收益已用於償還 KeyBank 信用額度。
These transactions, along with the Company’s January principal payment, have reduced the KeyBank line of credit balance below $10 million, which meets the January 31, 2020 deadline and complies with the second amendment agreed upon with the lender on January 24, 2020.
這些交易以及公司 1 月的本金支付，已將 KeyBank 的信貸額度餘額減少到 1000 萬美元以下，該額度在 2020 年 1 月 31 日截止日期滿足 2020 年 1 月 31 日的最後期限，並符合 2020 年 1 月 24 日與貸方商定的第二項修訂。
ABOUT WHEELER REAL ESTATE INVESTMENT TRUST, INC.
關於惠勒房地產投資信託公司
Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers. Wheeler’s portfolio contains well-located, potentially dominant retail properties in secondary and tertiary markets that generate attractive, risk-adjusted returns, with a particular emphasis on grocery-anchored retail centers. For additional information about the Company, please visit: www.whlr.us.
惠勒房地產投資信託有限公司總部位於維吉尼亞州維吉尼亞海灘，是一家完全集成的自我管理商業房地產投資公司，專注於擁有和經營產生收入的零售物業，主要關注雜貨固定中心。Wheeler 的投資組合包含位於二級市場和第三市場的地理位置優越的零售物業，這些物業可產生具吸引力的風險調整後回報，特別著重於雜貨固定的零售中心。有關本公司的其他資訊，請瀏覽：www.whlr.us.
FORWARD-LOOKING STATEMENTS
前瞻性陳述
This press release may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. The Company’s expected results may not be achieved, and actual results may differ materially from expectations. Specifically, the Company’s statements regarding its ability to further reduce the outstanding balance on the KeyBank line of credit, and creating a solid, flexible balance sheet are forward looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
本新聞稿可能包含《1995 年私人證券訴訟改革法》中定義的「前瞻性」聲明。當公司使用諸如「可能」，「意志」，「意圖」，「應該」，「相信」，「期望」，「預期」，「項目」，「估計」或與歷史事項無關的類似表達方式時，它正在發表前瞻性陳述。前瞻性陳述並非對未來業績的保證，而涉及風險和不確定因素，可能導致實際結果與公司在前瞻性聲明中討論的期望有重大不同。本公司的預期業績可能無法實現，實際結果可能與預期有很大差異。具體而言，本公司就其發表的聲明 能力 為了進一步減少 KeyBank 信貸額度上的未結餘額，並創建一個堅實，靈活的資產負債表是前瞻性的報表。這些聲明並不保證未來的表現，並且受到風險、不確定性和其他因素的影響，其中一些因素是我們無法控制的，難以預測，並且可能導致實際結果與前瞻性陳述中表達或預測的結果有很大不同。基於上述原因，除其他原因外，投資者應警告不要對本新聞稿內任何前瞻性陳述作出不當的依賴。公司與美國證券交易委員會提交的文件中討論了其他因素，可在 www.sec.gov 上查看。本公司沒有義務公開修改這些前瞻性聲明，以反映在此日期之後發生的事件或情況。
CONTACT:
聯絡人：
Mary Jensen
瑪麗·詹森
Investor Relations
投資者關係
(757) 627-9088
(757) 627-9088
mjensen@whlr.us
mjensen@whlr.us
譯文內容由第三人軟體翻譯。