Member question: “Is anyone extending their credit facilities in this current market? Specifically, facilities with tenors of 3 or 5 years.”
Peer answer 1: “In early Sept., we closed the renewal of a 364-day facility. Given the large size of our overall facility, planning and lender discussion start months ahead of the renewal. At the time we kicked that project off, markets weren’t supportive of longer-dated renewals (none had occurred for jumbo facilities like ours). Good luck with your renewal!”
Peer answer 2: “I asked our capital markets team and they confirmed that, yes, credit facilities are being extended three to five years (based on the latest updates from BofA/JPM).”
Smooth segue to a deeper dive: Find more insights on the state of the revolving credit facility market here.
