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Wheeler REIT unit to shrink revolving credit line to $50M

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Wheeler REIT unit to shrink revolving credit line to $50M

Wheeler Real Estate Investment Trust Inc.'s operating partnership amended an existing credit agreement to reduce its revolving credit line by $25.0 million to $50.0 million on Oct. 7.

The amended agreement also changed the interest payment date to the first day of each calendar month and provides that WHLR-Shoppes at Myrtle Park LLC will still be included in the calculation of the borrowing base availability through Dec. 21.

KeyBank NA is the lender.