Commercial Net Lease Realty Inc., an equity real estate investment trust based in Orlando, Fla., has increased its $200 million unsecured credit facility to $225 million and extended its maturity to May 2006.In addition, the facility's interest rate was reduced to 100 basis points over the London interbank offered rate, the REIT said. The facility also contains a competitive bid option for up to 50% of the amount. Wachovia Securities was the sole lead arranger and book manager of the facility. The REIT can be found online at http://www.cnlreit.com.
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