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KeyBank Agents $100MM Upsize for RPT Realty

November 11, 2019, 09:00 AM
Filed Under: Retail

RPT Realty announced that it has closed on its $660 million amended and restated unsecured credit facility, an increase of $100 million over the Company’s prior unsecured credit facilities. Terms of the new facility can be found in our press release dated October 30, 2019 and in our 8-K filing dated November 8, 2019.

“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 Inc., BMO Capital Markets, and Capital One, National Association served as joint-lead arrangers for the Facility with KeyBank National Association as administrative agent and BMO Capital Markets and Capital One, National Association as syndication agents. Branch Banking and Trust Company served as documentation agent.

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