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Dividend Capital Diversified unit amends credit facility

A Dividend Capital Diversified Property Fund Inc. subsidiary agreed to amend its existing credit facility with a syndicate of lenders led by Bank of America NA as administrative agent.

The credit facility comprises a $400 million revolver and a $150 million senior unsecured term loan.

The amended agreement raises the maximum outstanding principal amount under the term loan to $275 million from $150 million.

The company will use borrowings under the accordion to repay certain secured loans, fund anticipated redemptions of its class E common shares and for general corporate purposes.