Edens & Avant announces refinancing of unsecured revolving credit facilities

Columbia, S.C. -- Edens & Avant announced Tuesday that it has closed on the refinancing of its $350 million unsecured revolving credit facility and $30 million unsecured working capital line.

Both will mature in September 2014, but include two, one-year extensions that could extend both facilities through September 2016.

“Edens & Avant remains committed to preserving a conservative, flexible balance sheet that enables us to focus on operations and strategic, community focused investment opportunities,” said Mark Garside, managing director of Edens & Avant. “The closing of these facilities advances our balance sheet strategy while lowering our overall cost of capital.”