Rexford boosts credit facility

|About: Rexford Industrial Realty (REXR)|By:, SA News Editor

Rexford Industrial's (REXR +0.1%) new unsecured credit facility is increased by $100M to $300M, the facility consisting of a $100M term loan and $200M revolver.

As of this week, the company has $153M of available capacity on the line. Borrowings come at a cost of Libor plus 1.3-1.9% (down from 1.35-2.05%).