Mack-Cali Realty Corp., an Edison, N.J.-based office real estate investment trust, has announced that its operating partnership, Mack-Cali Realty LP, has increased its unsecured revolving credit facility from $600 million to $775 million with a syndicate of 23 banks.The facility, which matures in June 2011, carries an interest rate equal to 55 basis points above the London interbank offered rate, the REIT said. The interest rate is subject to adjustment, on a sliding scale, based on the operating partnership's unsecured debt ratings. Mack-Cali can be found on the Internet at http://www.mack-cali.com.
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