Realty Income enters into new $355 million credit facility
Realty Income Corp. announced it has entered into a new $355 million unsecured acquisition credit facility, effective May 15, to replace its existing $300 million acquisition credit facility.
The total value of new credit granted increased from R75.14 billion for the quarter ended September 2010 to R83.53 billion for the quarter ended December 2010, an increase of 11.17% when compared with the previous quarter, but 31.97% higher than a year ago.