Regency Centers Corp.(REG: Quote) announced it has amended its existing unsecured revolving credit facility and increased the Facility by $200 million to a total of $800 million.
The Amended Facility bears interest at an annual rate of LIBOR plus 140 basis points (inclusive of a 22.5 basis point facility fee) and is based on the higher of the Company's current corporate credit ratings from Moody's and S&P.
The maturity date on the Amended Facility is extended by one year and will expire in September 2016. Additionally, the company retained one, one-year extension option.
by RTT Staff Writer
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