Company: CIO
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000950170-25-023714
Chunk: 68

Company: City Office REIT, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 6
Chunk 68
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     30,042
      
     4.65%

     October 2025

     2525 McKinnon

     27,000
      
     4.24%

     April 2027

     FRP Collection

     25,736
      
     7.05%
     (6)
      
     August 2028

     Greenwood Blvd

     20,299
      
     3.15%

     December 2025

     AmberGlen

     20,000
      
     3.69%

     May 2027

     5090 N. 40th St

     19,912
      
     3.92%

     January 2027

     Central Fairwinds

     15,497
      
     7.68%
     (7)
      
     June 2029

     Carillon Point

     14,196
      
     7.05%
     (6)
      
     August 2028

     FRP Ingenuity Drive (8)

     14,096
      
     4.44%

     December 2026

     Total Principal

     649,514

     Deferred financing costs, net

     (2,542)

     Total
      
     $
     646,972

     (1)As of December 31, 2024, the daily-simple SOFR rate was 4.49%.(2)Borrowings under the Unsecured Credit Facility bear interest at a rate equal to the daily-simple SOFR rate plus a margin of between 135 to 235 basis points depending upon the Company’s consolidated leverage ratio. On February 9, 2023, the Company entered into a three-year interest rate swap for a notional amount of $140 million, effective March 8, 2023, effectively fixing the SOFR component of the borrowing rate for $140 million of the Unsecured Credit Facility at 4.19%. As of December 31, 2024, the Unsecured Credit Facility had $255.0 million drawn and a $2.5 million letter of credit to satisfy escrow requirements for a mortgage lender. The Unsecured Credit Facility matures in November 2025 and may be extended by 12 months at the Company’s option 90 days prior to maturity, provided there is no event of default, the Company confirms the representations and