Plymouth Industrial REIT Inc. expanded an existing senior secured revolving credit facility to $45 million.
The facility is due August 2020, with a 12-month extension option. The total borrowing capacity may be further expanded up to $75 million under the facility's accordion feature.
The industrial real estate investment trust expects total revenues for 2018 to range from $42.4 million to $43.8 million and net operating income to range from $28.0 million to $28.9 million.
KeyBank NA is the lender under the credit facility.
