Post Properties Inc., Atlanta, has announced the closing of a $350 million unsecured revolving line of credit with a nine-bank syndicate.The three-year facility, representing a $30 million increase in the company's borrowing capacity, bears an interest rate of 90 basis points over the London interbank offered rate. Wachovia Capital Markets was the lead arranger of the facility. Post is a real estate investment trust that specializes in luxury apartment communities. It can be found online at http://www.postproperties.com.
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