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Industrial Logistics Properties closes syndication of $750M revolver

Industrial Logistics Properties Trust closed the syndication of its $750 million revolving credit facility, which matures Dec. 29, 2021.

The unsecured facility has two six-month extension options and carries an annual rate equal to the London Interbank Offered Rate in addition to a premium which varies with the amount of the company's leverage.

Citigroup Global Markets Inc., Merrill Lynch Pierce Fenner & Smith Inc., RBC Capital Markets and Wells Fargo Securities LLC acted as the joint lead arrangers and joint book runners for the credit facility.