CenterPoint Properties Trust, Oak Brook, Ill., has renewed its $350 million unsecured revolving line of credit that was due to expire in October 2003.The industrial real estate investment trust said the interest rate on the extended facility is 80 basis points above the London interbank offered rate, comparing favorably with the previous rate of LIBOR plus 100 bps. The new maturity date on the line is June 2006. Banc One Capital Markets is the lead arranger of the facility, and Bank One is the administrative agent.
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