Investor Presentaiton
$1,600
$1,400
$1,200
$1,000
Debt Maturity Schedule - As
$800
(1)
60 Wall
$28.8
111 Sutter
$80.0
$586.6MM
(2)
$600
One Market
$477.8
$400
$200
Market Center
$277.3
$0
2024
2025
- As of 12/31/23 (at share)
$1,514.9MM
2026
$150.0MM
Weighted Average Maturity - 3.1 years
$1,134.0MM
$1.1MM
2027
2028
Thereafter
Represents debt related to non-core assets
% of Total Debt
16.0%
7.6%
41.3%
Maturing
Weighted Avg
4.69%
3.22%
4.44%
Interest Rate
The joint venture that owns 60 Wall Street is currently in negotiations with the lender to modify and extend the loan.
(2)
4.1%
0.0%
31.0%
3.39%
5.57%
2.99%
On February 1, 2024, we, together with our joint venture partner, modified and extended this loan. In connection with the modification, the loan balance was reduced to $850 million following a $125 million paydown by
the joint venture, of which our 49.0% share was $61.25 million. The modified loan bears interest at a fixed rate of 4.08%, matures in February 2027 and has an option to extend for an additional year, subject to certain conditions.
18
PARAMOUNT GROUPView entire presentation