Mills Closes $1B Credit Line

The Mills Corp., a retail and entertainment real estate investment trust based in Arlington, Va., has refinanced its $500 million credit facility and $200 million term loan with a $1 billion unsecured revolving credit facility and a new $200 million loan.The three-year facility carries an interest rate of 95-145 basis points over the London interbank offered rate, Mills said. The facility and the term loan both have one-year extension options. The co-arrangers are J.P. Morgan Securities Inc. and Bank of America Securities LLC. Mills can be found online at http://www.millscorp.com.