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HOUSTON — Houston-based Weingarten Realty has closed a $200 million unsecured term loan that has a 1-year term. Weingarten’s options can be repaid at par after 9 months. The loan is expected to pay down Weingarten’s debt. The Bank of Nova Scotia, Sumitomo Mitsui Banking Corp., Compass Bank, U.S. Bank National Association and PNC Bank National Association had roles in the transaction. The Bank of Nova Scotia was the lead arranger and administrative agent for the transaction
- Sumitomo Mitsui was a co-arranger and syndication agent
- PNC Bank was a co-arranger and syndication agent
- Compass Bank was a lender
- U.S. Bank served as the documentation agent.