Ramco-Gershenson Properties Trust, Southfield, Mich., has renewed its secured $110 million revolvingcredit facility with Fleet National Bank. The three-year facility carries an interestrate of 162.5 to 225.0 basis points over the London interbank offered rate, depending on the company's leverageratios. Other banks participating in the facility include Bank One Michigan, SouthTrust Bank, Bankers Trust Co.,Michigan National Bank, and Key Bank. The real estate investment trust also announced the renewal of $25 millionof a $45 million unsecured term loan with Fleet at an interest rate of 325-450 bp over LIBOR. The REIT's websiteaddress is http://www.ramcogershenson.com.
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