Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Palermo SA > News item |
Retail Properties repays most borrowings under $850 million revolver
By Taylor Fox
Chicago, July 6 – Retail Properties of America, Inc. repaid most of the borrowings under its $850 million unsecured revolving line of credit during June, according to a news release.
As of June 30, the company had $135 million outstanding on the revolver and $715 million in revolver availability.
At March 31, the revolver was nearly fully drawn, the company reported.
The company said its daily cash collections rose in May and June as its tenant base reopened, allowing for the repayments.
Retail Properties is an Oak Brook, Ill., owner and operator of shopping centers.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.