Kite Realty (KRG) Enters $200M Unsecured Revolving Credit Facility
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Kite Realty Group Trust (NYSE: KRG) has entered into an amended and restated three-year $200 million unsecured revolving credit facility with a one-year extension option.
Terms of the agreement include pricing at LIBOR plus 225 to 325 basis points depending on the Company’s leverage and an expansion feature allowing up to $300 million of total borrowing capacity, subject to certain conditions. Proceeds were used to refinance the Company’s existing unsecured revolving credit facility.
Terms of the agreement include pricing at LIBOR plus 225 to 325 basis points depending on the Company’s leverage and an expansion feature allowing up to $300 million of total borrowing capacity, subject to certain conditions. Proceeds were used to refinance the Company’s existing unsecured revolving credit facility.
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