CTO Realty Growth has closed a $1.0 billion unsecured credit facility, extending its debt maturity profile and increasing total commitments by $250 million. The Winter Park, Florida-based owner and operator of open-air shopping centres will use proceeds to repay outstanding borrowings under its previous $300 million revolving credit facility and two term loans. The new facility comprises a $400 million revolving credit facility due September 2030 and four term loans ranging from $150 million each, maturing between September 2029 and March 2032. The refinancing increases the company's weighted average debt maturity to 4.3 years from 1.6 years. Initial fixed interest rates on the term loans range from 3.4% to 5.3%, based on applied SOFR swaps. The facility was provided by a syndicate led by KeyBank National Association.

KeyBank has appointed Drue Anderson to lead its Retail Banking division. Anderson brings over 25 years of banking experience, most recently serving as Divisional Director of Consumer Banking and Head of Virtual Banking at JPMorgan Chase. He will focus on growth execution, client experience and strategic commitments. Anderson succeeds Kevin Sloan, who is retiring at year-end. Earlier in his career, Anderson held leadership positions at Citibank, including regional director and sales manager roles, where he helped deliver double-digit year-over-year balance and revenue growth. He will be based at KeyBank's Indianapolis office and will work with Sloan through the end of 2026 to ensure a smooth transition. KeyBank is one of the largest bank-based financial services companies, with approximately $191 billion in assets as of 30 June 2026.

White Tank is expected to enter service in the first half of 2027 as APS peak demand ran 5% above its 2025 record; GridStor has over 3 GW in its pipeline.