AHR Capital gets $150 million revolver

By Sara Rosenberg

New York, April 25 - AHR Capital Ltd. closed on a new $150 million multicurrency revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

Lehman Commercial Paper Inc., UK Branch acted as the lead bank on the deal that was completed on April 19.

Interest is at Libor plus 200 basis points.

Proceeds will be used to purchase and refinance certain debt assets and securities.

AHR Capital is a subsidiary of Anthracite Capital, Inc., a New York-based estate investment trust.

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