Carter Validus Mission Critical REIT Inc.'s operating partnership and certain other subsidiaries increased the total amount available under its KeyBank credit facility to $400 million, from $365 million.
The nontraded real estate investment trust, which focuses on healthcare and data center properties, also removed Bank of America NA as a lender on the facility.
The amended revolving line of credit is due May 28, 2019, subject to a one-year extension, and may be increased to up to $750 million under certain conditions.
Interest on the facility is either the London Interbank Offered Rate plus 1.75% to 2.25% or a base rate plus a margin of between 0.75% and 1.25%.
