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City Office REIT ups credit agreement to $100 million via accordion
By Tali Rackner
Norfolk, Va., Oct. 27 – City Office REIT, Inc. exercised the accordion option on its amended and restated credit agreement, to increase the total borrowing capacity to $100 million from $75 million, according to an 8-K filing with the Securities and Exchange Commission.
Raymond James Bank, NA joined KeyBank NA, BMO Harris Bank, NA and Royal Bank of Canada as lenders.
The credit agreement matures on June 26, 2018, and may be extended to June 26, 2019.
City Office is a real estate investment trust with offices in Dallas and Vancouver, B.C.
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