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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