Getty Realty gets $100 million revolver

By Sara Rosenberg

New York, June 30 - Getty Realty Corp. closed on a new $100 million three-year senior revolving credit facility, according to a company news release.

JPMorgan is the administrative agent on the deal.

The new revolver has a $25 million accordion feature and a one-year extension option.

Borrowings under the loan carry an interest rate of Libor plus 125 to 175 basis points, depending on leverage.

The new revolver replaces the company's previous $45 million uncommitted line of credit.

Getty Realty is a Jericho, N.Y.-based real estate investment trust specializing in the ownership and leasing of retail motor fuel and convenience store properties and petroleum distribution terminals.

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