Additionally, the new instrument has flexibility attached to it;it features an option for a one-year extension, as well as thepossibility for doubling the amount of the facility to $150million. KeyBanc Capital Markets acted as both lead arranger andbook manager on the deal, while KeyBank National Association tookon the role of managing administrative agent; Wells Fargo NationalBank served as syndication agent.
"Our new unsecured facility with Key Bank and Wells Fargo addsfinancing flexibility as we continue to execute our business plan,"First Potomac CFO Barry Bass explains. "Increasing the size of theline to $75 million and adding Wells Fargo to our lending groupwill serve us well as we continue to grow."
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