CTO Realty Growth Closes $1 Billion Credit Facility
CTO Realty Growth closed a $1 billion unsecured credit facility to repay existing debt and extend its weighted average debt maturity to 4.3 years.
CTO Realty Growth, Inc. closed a $1.0 billion amended and restated unsecured credit facility on September 30, 2026. The new arrangement consists of a $400 million revolving credit facility due in 2030 and four term loans of $150 million each, with maturities scheduled between September 2029 and March 2032.
The company used the proceeds to repay a $300 million revolving credit facility and two term loans that were due in 2027 and 2028. This strategic refinancing increased the company's weighted average debt maturity from 1.6 years to 4.3 years.
A syndicate of banks provided the facility, led by KeyBank National Association as the administrative agent. Other major institutions, including Bank of America NT&SA, Huntington National Bank, PNC Bank, and Wells Fargo, served as co-syndication and participating agents.
