COMMERCIAL REAL ESTATE
Untitled Page
Grubb & Ellis Co. of Santa Ana: purse strings loosened
The real estate services and investment firm announced the amendment of its senior secured credit facility.
By Susan BelknappPublished: May 26, 2009 10:35 AM
Santa Ana-based Grubb & Ellis Co., a leading real estate services and investment firm, today announced that the company and its lead bank, Deutsche Bank Trust Co. Americas, have amended the company's senior secured credit facility.
A credit facility is a type of loan made in a business or corporate finance context. Types of credit facilities include revolving credit, term loans, committed facilities, letters of credit and most retail credit accounts.
The amendment was entered into on May 20 and effective as of May 18. It modifies the amount, terms, length and certain other provisions of the facility, and imposes various conditions on the company.
These conditions, as well as other material provisions of the amended credit facility, are described in the company's Annual Report on Form 10K that will be filed on Wednesday with the Securities and Exchange Commission.
NEXT PAGE >>
Related headlines
Voit directs sale of 47,815-square-foot property in Irvine
‘OC METRO’ Minute,’ May 26: Construction sector sees continued losses
‘OC METRO Minute,’ May 20: O.C.’s median home price drops slightly in April
|
||||
|
Santa Ana-based Grubb & Ellis Co., a leading real estate services and investment firm, today announced that the company and its lead bank, Deutsche Bank Trust Co. Americas, have amended the company's senior secured credit facility. A credit facility is a type of loan made in a business or corporate finance context. Types of credit facilities include revolving credit, term loans, committed facilities, letters of credit and most retail credit accounts. The amendment was entered into on May 20 and effective as of May 18. It modifies the amount, terms, length and certain other provisions of the facility, and imposes various conditions on the company. These conditions, as well as other material provisions of the amended credit facility, are described in the company's Annual Report on Form 10K that will be filed on Wednesday with the Securities and Exchange Commission. NEXT PAGE >> Related headlines Voit directs sale of 47,815-square-foot property in Irvine ‘OC METRO’ Minute,’ May 26: Construction sector sees continued losses ‘OC METRO Minute,’ May 20: O.C.’s median home price drops slightly in April |
||||
