Lexington Corporate Properties Trust, New York, has obtained a $200 million unsecured credit facility.The facility, which matures in June 2008, bears interest at a rate of 120-170 basis points over the London interbank offered rate, depending on Lexington's overall debt level, the company said. The new facility replaces a $100 million facility that bore interest at 150-250 bps over LIBOR. The real estate investment trust can be found on the Web at http://www.lxp.com.
Lexington Gets New Credit Facility
June 27, 2005, 2:00 p.m. EDT 1 Min Read
