Duke Realty Corp. (DRE) said that it has renewed its unsecured revolving credit facility, which was set to mature in January 2010.
Under terms of the renewal, the facility has a borrowing capacity of $850 million with an interest rate on borrowings of 275 basis points over the applicable LIBOR rate, and matures in February 2013.
The terms also include an option to increase the facility to $1.05 billion. There is currently no balance outstanding under the facility.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.