RPT Realty amended its $660 million credit facility, an increase of $100 million over the company’s prior credit facilities
“The closing of our amended credit facility reflects our proactive mindset to drive earnings growth, diversify our capital structure and add duration to our balance sheet,” said Michael Fitzmaurice, chief financial officer. “The improved pricing and terms reflect the quality of our portfolio and our continued commitment to a strong, flexible balance sheet. We thank our expanded bank group for their investment in RPT’s bright future.”
KeyBanc Capital Markets, BMO Capital Markets, and Capital One served as joint-lead arrangers for the facility with KeyBank as administrative agent and BMO Capital Markets and Capital One as syndication agents. BB&T served as documentation agent.
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets.