Weingarten repays most of borrowings under revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, June 1 – Weingarten Realty Investors paid down most of its revolving credit facility in mid-May, after having drawn down the remaining $482 million available under the $500 million credit facility in the first quarter of 2020, according to a news release.

The company said it retained $50 million of cash.

Weingarten said the paydown was a result of the stability of the financial markets and the company’s access to other sources of liquidity.

Weingarten is a shopping center owner, manager and developer based in Houston.

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