AMERICAN REALTY ESTABLISHES $115M CREDIT FACILITY

by admin

NEW YORK CITY — American Realty Capital Trust (ARCT) has established an interest-only, unsecured revolving credit facility with RBS Citizens Bank totaling $115 million. The facility can be increased to $250 million and has a 36-month term. ARCT will be able to draw funds from the facility for property acquisitions and to provide working capital. RBS Citizens Bank has committed to hold $50 million on its balance sheet and has syndicated the remaining $65 million to Goldman Sachs, which is ARCT’s financial advisor.

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