QTS Realty Trust Inc. received a $300 million increase in its unsecured credit facility through a five-year term loan.

The company's total unsecured credit facility, which now totals $1.2 billion, is made up of the $300 million term loan, another $200 million term loan that has a 5.5-year maturity and a four-year $700 million revolving credit facility. The revolving credit loan portion has a one-year extension option.

The term loans have a current interest rate of LIBOR plus 1.5%, while the revolving credit facility's is LIBOR plus 1.55%, according to a release. Interest rates can vary according to increased leverage levels.

Additionally, the overall credit facility also has a provision for a $300 million accordion feature that can raise the total loaned amount to $1.5 billion, subject to obtaining additional loan commitments.

QTS will utilize the increased credit facility and extended term to build up the company's financial flexibility and liquidity flow, amid the expansion of its facilities in Atlanta, Dallas, New Jersey, Richmond, Santa Clara and Chicago, CFO Bill Schafer said in a release.

KeyBank Capital Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and TD Securities (USA) LLC are the joint lead arrangers and book runners for the credit facility amendment and extension. There are 19 financial institutions constituting the syndicate for the loan facility.