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Subsequent Events
6 Months Ended
Jun. 30, 2019
Subsequent Events  
Subsequent Events

23. Subsequent Events

Our significant events subsequent to June 30, 2019 were as follows:

In July 2019, we entered into a credit agreement which consists of: (i) a $400.0 million term loan facility that carries a seven-year term and an annual interest rate of LIBOR + 2.50%; and (ii) a $100.0 million revolving credit facility that carries a five-year term and an annual interest rate of LIBOR + 3.00%. A portion of the net proceeds from this facility was used to repay the amount outstanding under our existing Term Loan A.

In July 2019, we entered into a $500.0 million repurchase facility and revolving credit facility to finance loans within the Infrastructure Lending Segment. The facility carries a three-year revolving period with two one-year extension options, one of which is at our discretion. The facility also carries a term-match to the respective collateral for an additional five-year term after the last day of the revolving period. The facility has an annual interest rate of 2.00% over the applicable currency benchmark index rate, plus fees associated with the facility as well as each advance.

In July 2019, we securitized residential mortgage loans held-for-sale with a principal balance of $546.0 million.

Dividend Declaration

On August 7, 2019, our board of directors declared a dividend of $0.48 per share for the third quarter of 2019, which is payable on October 15, 2019 to common stockholders of record as of September 30, 2019.