- Select Income's (NYSE:SIR -0.2%) existing $750M credit line with a maturity date of March 2016 and interest rate of Libor plus 122.5 basis points has been replaced with a new one maturing in March 2019 and interest rate of Libor plus 105 bps.
- The $350M term loan facility maturing in July 2017 with interest rate of Libor plus 140 basis points has been replaced with one maturing in March 2020 and interest rate of Libor plus 115 bps.
- An accordion feature allows for the combined facilities to be boosted to as high as $2.2B under certain circumstances.
- Source: Press Release