Carter ValidusMission Critical REIT II Inc.'s Carter Validus OperatingPartnership II LP further increased the pool availability under its $265.0 millioncredit facility with KeyBank NA by roughly $19.3 million.
The operating partnership and KeyBank signed a joinderagreement Sept. 23 to add a data center and a healthcare property to the creditfacility's pool.
The operating partnership had a roughly $258.7 million totalpool availability and a $135.0 million aggregate outstanding balance under thefacility as of Sept. 28, with about $123.7 million left to be drawn on,according to a filing.
The credit facility, as amended in December 2015, consists of a $240.0 millionrevolving line of credit due Dec. 22, 2018, with two 12-month extensionoptions, and a $25.0 million term loan due Dec. 22, 2019, with one 12-monthextension option. The facility can be expanded to a maximum of $550.0 million,subject to certain conditions.