RPT - RPT Realty secures upsized $810M credit facility

• RPT Realty ( NYSE: RPT ) stated Tuesday that it has closed on its $810M amended and restated unsecured credit facility, reflecting an increase of $150M over the prior facility.
• It consists of a $500M unsecured revolving line of credit with an initial maturity in 2026 with two six-month extension options, subject to certain conditions, and $310M of term loans with maturities in 2026 through 2028 at fixed interest rate of 2.62%.
• The company said, " Following the closing of the facility and the expected payoff of The Shops on Lane mortgage in the Q4 2022, it will have no debt maturing through 2024 and will increase the weighted average maturity by approximately one year. "
• Earlier: Site Centers upgraded at Mizuho, RPT Realty cut as recession risks rise

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