Liberty Property Trust, Malvern, Pa., has replaced its $450 million credit facility due in April with a $350 million unsecured revolving credit facility arranged by Fleet Securities Inc.The real estate investment trust said the three-year facility was syndicated to a group of 11 U.S. banks. Based on the REIT's current credit rating, borrowings under the facility will bear interest at 70 basis points above the London interbank offered rate. Liberty, which specializes in office and industrial properties, can be found online at http://www.libertyproperty.com.
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