DENVER-UDR, Inc., a leading multifamily real estate investment trust, announced Monday that it has amended its $900 million unsecured revolving credit facility. The amendment extends the maturity date to December 2017 with one 6-month extension option, and contains an accordion feature that allows the company to increase the facility to $1.45 billion.

Based on the company’s current credit ratings, the credit facility carries an interest rate equal to LIBOR plus a spread of 110 basis points and a facility fee of 20 basis points, a reduction of 12.5 basis points and 2.5 basis points, respectively.

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