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American Realty mproves financing terms

  • 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."
  • Source: Press Release
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