QTS improves terms on Richmond credit facility

|About: QTS Realty Trust, Inc. (QTS)|By:, SA News Editor

The interest rate on the $80M revolving line is cut by 190 basis points to Libor plus 2.1% and the term is extended to 5 years. An accordion feature allows for the size of commitments to go up to $200M.

The facility currently has a balance of $70M, so the interest savings over the next year will be $1.33M.

QTS +1%