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Monmouth Real Estate boosts, extends unsecured revolver

Monmouth RealEstate Investment Corp. increased its existing $130 millionunsecured revolving credit facility to $200 million.

In a first amendment to its credit facility, the company exercisedits existing $70 million accordion feature and added an additional $100 millionaccordion feature, to take the potential availability to $300 million.

The facility's maturity date was also extended to September2020 from August 2019, with a one-year extension option.

BMO Capital Markets is the sole lead arranger and bookrunner for the facility, and Bank of Montreal is the administrative agent.JPMorgan Chase Bank NA and RBC Capital Markets are co-syndication agents.