Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-American Realty Capital Properties said Friday that it had bumped up its credit facility to $2.87 billion. The net lease REIT says the financing will position it to complete its previously announced acquisitions and fund its organic growth.

The new commitments from lenders also entailed fixing the interest rate on ARCP’s secured acquisition financing, thereby obtaining low-cost property-level debt with an average duration of 9.7 years at a weighted average coupon of 4.70%. “We are gratified to have received resounding support from our lenders who have pledged over $1 billion of new commitments to our credit facility,” says David S. Kay, president of ARCP.  “Our balance sheet strength will enable us to maintain and secure our position as the dominant net lease REIT.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.