American Realty mproves financing terms

|By:, SA News Editor

ARCP extends the term on its $4.6B credit facility to four years, with the right to extend it another year. Credit line loans will be priced at Libor +135 bps, and term loans at Libor +160 bps.

President David Kay: "More favorable pricing and extended term signals a direct affirmation from 20 leading financial institutions of their confidence in our high-quality, diversified net lease portfolio, our status as an investment grade borrower and the strength of our balance sheet."