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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