Getty Closes $100M Facility

Getty Realty Corp., a real estate investment trust based in Jericho, N.Y., has obtained a $100 million, three-year revolving credit facility with a group of six commercial banks.The unsecured senior facility replaces the company's $45 million uncommitted line of credit, Getty said. The company will have the option to increase the amount of the facility to $125 million and extend the term for one year. J.P. Morgan is the administrative agent for the group of banks.