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Article: AMB Property Corporation(R) Refinances Unsecured Term Loan Facility.
- Article from:
- PR Newswire
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO, Oct. 15 /PRNewswire-FirstCall/ -- AMB Property CorporationA' , a leading global owner, operator and developer of industrial real estate, today announced the refinancing of its $325 million senior unsecured term loan facility, which was set to mature in September 2010, replacing it with a $345 million facility, maturing October 2012.
The facility was modified to include Euro and Yen tranches, with both the multi-currency and the U.S. dollar components currently priced at 275 basis points over the applicable LIBOR index. The terms also include an option to increase the facility to $425 million at any time prior to October 2011.
"This ...