Duke Realty Renews Revolving Credit Facility
(firmenpresse) - INDIANAPOLIS, IN -- (Marketwire) -- 11/21/11 -- DUKE REALTY CORPORATION (NYSE: DRE), a leading industrial and office property REIT, today announced that it has renewed its $850 million unsecured revolving credit facility, which was set to mature in February 2013. The renewed facility matures December 2015, has a one-year extension option, and bears interest at LIBOR plus 125 basis points plus a facility fee of 25 basis points based on Duke Realty's current credit rating. The previous $850 million facility did not have an extension option and interest was LIBOR plus 275 basis points plus a facility fee of 50 basis points based on Duke Realty's credit rating at the time.
The accordion feature was raised from $200 to $400 million allowing Duke Realty to increase the facility from $1.05 billion to $1.25 billion.
"Our expanded facility at significantly lower cost and up to five years of term further enhances our financial flexibility and is a testament to the strength of our balance sheet," said Christie B. Kelly, Chief Financial Officer. "We are very pleased with the strong demand and continued support from the high caliber financial institutions who participated in our credit facility."
JPMorgan Securities LLC and Wells Fargo Securities LLC were the Joint Lead Arrangers and Joint Book Runners, with JPMorgan Chase Bank, N.A. as Administrative Agent, Wells Fargo Bank, National Association as Syndication Agent, and Morgan Stanley Bank N.A., The Bank of Nova Scotia, Regions Bank, and UBS Securities LLC as Documentation Agents.
Other lenders include: Barclays Bank PLC, PNC Bank, National Association, Royal Bank of Canada, Credit Suisse AG, Cayman Islands Branch, SunTrust Bank, U.S. Bank National Association, and The Northern Trust Company.
About Duke Realty
Duke Realty owns and operates more than 141 million rentable square feet of industrial and office, including medical office, space in 18 major U.S. cities. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at .
Jim Bremner
317.808.6920
Ron Hubbard
317.808.6060
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 21.11.2011 - 22:45 Uhr
Sprache: Deutsch
News-ID 89934
Anzahl Zeichen: 0
contact information:
Town:
INDIANAPOLIS, IN
Kategorie:
Commercial Real Estate
Diese Pressemitteilung wurde bisher 194 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Duke Realty Renews Revolving Credit Facility"
steht unter der journalistisch-redaktionellen Verantwortung von
Duke Realty Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
