Regency Centers Corp., Jacksonville, Fla., has closed a new $341.5 million credit facility consisting of a term loan of approximately $227.7 million and a revolving credit facility of approximately $113.8 million. The real estate investment trust said the facility includes an option to increase the amount to $400 million. The initial interest rate is 105 basis points over the London interbank offered rate on the term loan, and LIBOR plus 90 bps on the revolving portion. Wells Fargo Bank NA was the sole lead arranger and administrative agent of the facility. The REIT can be found on the Web at http://www.regencycenters.com.
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