(Read more on the debt and equitymarkets.)
DALLAS-Behringer Harvard has closed on a $500-million securedcredit facility on behalf of Behringer Harvard REIT I Inc., and thecompany's flagship core office real estate investment program. Thedeal includes a $200-million term loan and a $300-million revolvingcredit facility, each with a three-year term and a one-yearextension option.
KeyBanc Capital Markets and Wachovia Securities were co-leadarrangers on the transaction. Wachovia Bank NA served assyndication agent while Aareal Bank AG and WestdeutscheImmobilienbank AG were co-documentation agents. KeyBank NA willserve as administrative agent for the facility.
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