Granite REIT gets C$500 million five-year replacement revolver

By Marisa Wong

Morgantown, W.Va., Feb. 2 – Granite Real Estate Investment Trust said it entered into a C$500 million unsecured senior revolving credit facility on Feb. 1.

The loans are available in Canadian dollars, U.S. dollars or euros.

The five-year credit facility replaces Granite’s existing C$250 million credit facility.

Granite REIT is a Toronto-based real estate investment trust that owns and manages mostly industrial, warehouse and logistics properties in North America and Europe.

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