CTO Realty Growth, Inc. announced on September 25, 2025 that it had successfully closed $150 million in term loan financing. The transaction includes a new $125 million term loan due September 2030 and a $25 million upsizing of the existing term loan due September 2029. Both loans bear interest at SOFR plus a spread tied to the company’s leverage ratio, with an initial fixed rate of approximately 4.2%.
The $150 million was deployed to retire a $65 million term loan that was due in March 2026 and to reduce the balance on the company’s revolving credit facility. As a result, CTO’s liquidity position increased to roughly $165 million, providing a stronger cash cushion for ongoing operations and future acquisitions. The refinancing also extends the company’s debt maturity profile, moving a significant portion of short‑term debt into longer‑term obligations.
By extending maturities and improving liquidity, the new term loans give CTO greater flexibility to pursue its $100 million to $200 million investment guidance for 2025. The financing supports the company’s strategy of acquiring high‑quality retail properties in growth markets while maintaining a disciplined capital structure. Overall, the transaction strengthens CTO’s balance sheet and positions it for continued portfolio expansion.
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