Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 163

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7A
Chunk 163
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 Term Loan and Revolving Credit Facility$9,419$475,783$660,644$345,457$130,081$62,582$1,683,966$(13,653)$1,670,313$1,644,445Weighted Average Interest Rate3.68%4.65%5.10%6.03%4.58%3.21%5.05%Unhedged portion of Revolving Credit Facility$—$—$2,000$—$—$—$2,000$—$2,000$2,000Weighted Average Interest Rate7.08%7.08%

(a)    Adjustment for unamortized debt discount/premium, net, unamortized deferred financing costs, net, and unamortized mark-to-market, net, as of December 31, 2024.

(b)     Excludes $4.7 million of unamortized deferred financing costs recorded in Deferred charges and other assets, net, pertaining to the Company's Revolving Credit Facility as of December 31, 2024.

While the Company has not experienced any significant credit losses, in a significant rising interest rate environment and/or economic downturn, tenant vacancies or defaults could increase and result in losses to the Company which could adversely affect its operating results and liquidity, including its ability to pay its debt obligations.