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VEREIT reduces revolver to $1.5B

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VEREIT reduces revolver to $1.5B

Single-tenant real estate investment trust VEREIT Inc. amended its existing credit agreement to lower the revolving commitments under the unsecured revolving credit facility by $500 million to $1.5 billion, effective Dec. 27.

Wells Fargo Bank NA is the administrative agent. Wells Fargo Securities LLC and Merrill Lynch Pierce Fenner & Smith Inc. are the joint lead arrangers and joint book runners. Barclays Bank PLC, BMO Capital Markets Corp., Capital One NA, Citibank NA, JPMorgan Chase Bank NA and U.S. Bank NA are the joint lead arrangers.