City Office REIT expands credit facility to $150 million via accordion

By Marisa Wong

Morgantown, W.Va., Sept. 5 – City Office REIT, Inc. exercised its option to increase the borrowing capacity under its amended and restated credit agreement dated June 26, 2015 to $150 million from $100 million, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

City Office exercised the accordion feature on Friday.

The credit facility has a maturity date of June 26, 2018, which may be extended to June 26, 2019 at the company’s option upon meeting some conditions.

City Office is a real estate investment trust with offices in Dallas and Vancouver, B.C.

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