Apollo Commercial upsizes borrowing cap on facility to $275 million

By Susanna Moon

Chicago, Sept. 26 – Apollo Commercial Real Estate Finance Inc. lifted the maximum permitted borrowing under its credit facility to $275 million from $250 million, according to an 8-K filing with the Securities and Exchange Commission.

The company said it entered into an amendment letter related to the master repurchase agreement with Deutsche Bank AG on Monday through an indirect wholly owned subsidiary.

The maximum size may be increased by $25 million no more than one time at the company’s request, the filing noted.

Apollo is a New York-based real estate investment trust that primarily originates, invests in, acquires and manages performing commercial real estate-related debt instruments.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.