First Industrial Realty Trust Inc., Chicago, has announced the renewal of its $500 million senior unsecured revolving credit facility.The credit facility matures in September 2012 and contains an option to increase the amount to $700 million. The pricing on the facility has been reduced to 47.5 basis points above the London interbank offered rate, a 15-bps reduction. JPMorgan Chase Bank NA was the administrative agent for the facility and Wachovia Bank NA was the syndication agent. The real estate investment trust can be found on the Web at http://www.firstindustrial.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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