Grubb & Ellis Co. has announced its lead bank, Deutsche Bank Trust Co. Americas, has amended the company’s senior secured credit facility, effective Sept 30.

Under the amendment, the company will defer the $27.3 million partial prepayment of the facility originally due on Sept. 30, until Nov. 30, according to a statement.

The amendment also gives the company a one-time right to prepay the facility in full for a reduced principal amount. The reduction reflects about 65 percent of the aggregate principal amount outstanding at the time of prepayment.

The amendment allows for a one-time infusion of $5 million from the company’s largest stockholder, or affiliate thereof, which may be used for working capital purposes, the company said.

In issuing the announcement, Grubb & Ellis said it views the amendment as a constructive step between the company and its lenders to facilitate completion of its efforts to recapitalize the company and further stabilize its balance sheet.