American Residential extends revolver maturity by one year to 2016

By Marisa Wong

Madison, Wis., Jan. 20 – American Residential Properties, Inc. extended the maturity date of its $500 million senior secured revolving credit facility to Jan. 18, 2016 from Jan. 18, 2015, according to an 8-K filing with the Securities and Exchange Commission.

The extension became effective Jan. 18.

American Residential entered into the credit agreement on Sept. 17, 2013 with Bank of America, NA as administrative agent.

The real estate investment trust is based in Scottsdale, Ariz.

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