Washington Prime's (NYSE:WPG) $1B revolving credit and term loan facility had been set to mature in May 2019. It now matures at the end of 2022, with pricing mostly the same at Libor plus 1.25% on the revolver and Libor plus 1.45% on the term loan.
The facility includes an accordion feature allowing to expansion to $1.5B.
Source: Press Release
Subscribe for full text news in your inbox