America First Multifamily Investors, LP $50 million

OMAHA, Neb., Aug. 01, 2022 (GLOBE NEWSWIRE) — On July 29, 2022, America First Multifamily Investors, LP (NASDAQ: ATAX) (the “Partnership”) entered into a Second Amendment to the Amended Credit Agreement and (the “Second Amendment”) with Bankers Trust Company (“Bankers Trust”) amending certain provisions of the Amended and Restated Credit Agreement between the Partnership and Bankers Trust dated August 23, 2021. The Second Amendment extends the maturity date of the $50 million Secured Non-Operating Line of Credit (the “Line of Credit”) to June 30, 2024 and provides the Partnership with two optional one-year extensions, subject to certain conditions and fees. The Second Amendment also amended, among other things, certain financial covenants, events of default, and certain restricted payment provisions to be consistent with the Partnership’s other secured financing agreements. The Partnership has also entered into a new revolving credit note that bears interest at the 1-month CME forward SOFR reference rate, which will not be less than 0.10%, plus 2.50%.

“The Second Amendment continues our strong relationship with Bankers Trust and enhances the functionality of the line of credit for managing our investment acquisitions and liquidity,” said Kenneth C. Rogozinski, managing director of the partnership.

About America First Multifamily Investors, LP

America First Multifamily Investors, LP was incorporated on April 2, 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise managing a portfolio of mortgage bonds that were issued to provide construction services and/or permanent financing for affordable multi-family, student and commercial housing. The Partnership pursues a business strategy of acquiring additional mortgage revenue bonds and other leveraged investments. The Partnership expects and believes that interest earned on such Mortgage Revenue Bonds may be excluded from gross income for federal income tax purposes. The Partnership seeks to achieve its investment growth strategy by investing in additional Mortgage Revenue Bonds and other investments as permitted by the Partnership’s Amended and Restated Limited Partnership Agreement dated September 15 2015, by taking advantage of the attractive financing structures available on the securities market, and the conclusion of interest rate risk management instruments. America First Multifamily Investors, LP press releases are available at

Safe Harbor Statement

Certain statements in this report are intended to be covered by the “forward-looking statements” safe harbor under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by the use of statements that include, but are not limited to, expressions such as “believe”, “expect”, “future”, “anticipate”, “intend”, “plan”, “expect”, “may” , “should”, “will”, “estimate”, “potential”, “continue” or other similar words or expressions. Similarly, statements that describe objectives, plans or goals are also forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and generally beyond the Partnership’s control.The Partnership cautions readers that a number of important factors could cause so that actual results differ materially from those expressed, implied or projected by such forward-looking statements. Risks and uncertainties include, but are not limited to: risks relating to current maturities of financing agreements and our ability to renew or refinance those maturities, fluctuations in short-term interest rates, collateral valuations, assessments of investments in mortgage revenue bonds and the overall economy and credit market. conditions; and other risks detailed in the Partnership’s filings with the SEC (including, but not limited to, the Partnership’s annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K). Readers are urged to carefully consider these factors when evaluating forward-looking statements.

Karen Marotta
gray stone
[email protected]

Andy Grier
Senior Vice President

Robert D. Coleman