Equity One Inc., a real estate investment trust based in North Miami Beach, Fla., has announced the closing of a $275 million, three-year, unsecured revolving credit facility.The new facility replaces the shopping center REIT's $340 million unsecured revolving facility and has an initial outstanding balance of $137.5 million, Equity One said. The initial price of borrowings is set at 80 basis points above the London interbank offered rate. Wells Fargo Bank was the administrative agent and sole lead arranger of the facility. The REIT can be found online at http://www.equityone.net.
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