Business News • MarketWire • JLL Income Property Trust Closes $150 Million Credit Facility With Bank of America |
JLL Income Property Trust Closes $150 Million Credit Facility With Bank of America |
|
|
JLL Income Property Trust Closes $150 Million Credit Facility With Bank of America
CHICAGO, IL--(Marketwired - Sep 23, 2016) - JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT (NASDAQ: ZIPTAX) (NASDAQ: ZIPTMX) (NASDAQ: ZIPIAX) (NASDAQ: ZIPIMX), today announced it amended its revolving line of credit increasing its borrowing capacity to $150 million. The amended credit facility has a one year term with a six month extension option and bears interest based on LIBOR plus a spread ranging from 1.55% to 2.25%. Bank of America, N.A. is the lender and administrative agent for the facility and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as lead arranger.
View More : http://www.marketwired.com/mw/release.do?id=2161012&sourceType=3
|
|
|