SITE Centers borrows $250 million under $950 million revolver

By Sarah Lizee

Olympia, Wash., March 26 – SITE Centers Corp. borrowed $250 million under its $950 million revolving credit agreement with JPMorgan Chase Bank, NA as administrative agent on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

This brings the outstanding principal balance to $645 million.

SITE Centers has $325 million of remaining availability under its revolvers. The company also has an undrawn $20 million revolver with PNC Bank, NA as administrative agent.

Both revolvers mature on Jan. 26, 2024 and have two six-month extension options.

The real estate investment trust that owns and manages shopping centers is based in Beachwood, Ohio.

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