Cole Operating Partnership II LP, the operating partnership of Cole Credit Property Trust II Inc., recently entered into a $135 million revolving credit facility, according to Cole Cos., a Phoenix-based family of real estate companies. The three-year facility, which can be increased to $235 million and has a one-year extension option, is secured by an assignment of Cole OP II's equity interests in the assets of certain of its limited-liability subsidiaries, Cole said. Banc of America Securities was the sole lead arranger of the facility.
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