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Wheeler REIT amends KeyBank facility

Wheeler Real Estate Investment Trust Inc.'s operating partnership amended an existing credit facility to reduce the liquidity requirement set forth in the agreement to $3.5 million through March 31.

After March 31, the liquidity requirement will be set at $5.0 million until the total commitment under the facility has been reduced to $52.5 million, after which the requirement will be set at $3.5 million, according to a March 7 filing.

The grocery-anchored shopping center REIT recently disclosed that it is suspending its dividend for the remainder of 2018 to, among other things, generate cash savings and facilitate its strategic review.

KeyBank NA is the lender.