American Realty lifts revolver to $220 million, expands accordion

By Marisa Wong

Madison, Wis., March 1 - American Realty Capital Trust, Inc. and its operating partnership, American Realty Capital Operating Partnership, LP, entered into an amendment to their revolving credit facility with RBS Citizens, NA, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The amendment, which became effective Feb. 28, increases the revolving credit facility to $220 million from $115 million.

In addition, the accordion feature was modified to allow the company to increase total commitments under the revolver to a maximum of $500 million.

Other terms of the facility were also amended to allow the company to make additional restricted payments, including payments in connection with its separately announced tender offer.

The revolver has a term of 36 months. Borrowings bear interest at a floating rate based on the company's corporate leverage ratio.

The real estate investment trust is based in Jenkintown, Pa.

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