Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K FOR REVOLVER FILED FEBRUARY 2010 - WEINGARTEN REALTY INVESTORS /TX/ | form8k_revolverfeb2010.htm |
| EX-10.1 - EXHIBIT 99.1 - WEINGARTEN REALTY INVESTORS /TX/ | ex10_1.htm |
2600
Citadel Plaza Drive
P.O. Box
924133
Houston,
Texas 77292-4133
NEWS
RELEASE
Information:
Kristin Gandy, Director of Investor Relations, Phone: (713)
866-6050
WEINGARTEN
REALTY INVESTORS ANNOUNCES
RENEWED
AND EXTENDED CREDIT FACILTY
HOUSTON,
TEXAS (February 16, 2010) -- Weingarten Realty Investors (NYSE: WRI) announced
today it has closed on an amended and restated three-year $500 million unsecured
revolving credit facility.
The
amended facility will mature in February of 2013. Borrowing rates
under the amended facility float at a margin over LIBOR, plus a facility
fee. The borrowing margin and facility fee are priced off a grid that
is tied to Weingarten’s senior unsecured credit ratings. The amended facility
also contains a competitive bid option feature that will allow the Company to
request bids for up to $250 million. Additionally, the amended
facility contains an accordion feature, which allows the Company the ability to
increase its facility amount up to $700 million.
J.P.
Morgan Securities Inc. and Banc of America Securities LLC were Joint Bookrunners
and Co-Arrangers. JPMorgan Chase Bank, N.A. serves as the Administrative Agent,
Bank of America, N.A. serves as the Syndication Agent, and Wells Fargo Bank,
National Association, PNC Bank, National Association, Regions Bank and Royal
Bank of Canada all serve as Documentation Agents. Other lenders involved
in the transaction include BBVA Compass Bank, Sumitomo Mitsui Banking
Corporation, U.S. Bank National Association, Chevy Chase Bank, a division of
Capital One, N.A., The Northern Trust Company, The Bank of Nova Scotia and
Scotiabanc, Inc.
About
Weingarten Realty Investors
Weingarten
Realty Investors (NYSE: WRI) is a commercial real estate owner, manager and
developer. At December 31, 2009, the company owned or operated under
long-term leases, either directly or through its interest in real estate joint
ventures or partnerships, a total of 376 developed income-producing properties
and 13 properties under various stages of construction and development. The
total number of properties includes 307 neighborhood and community shopping
centers located in 22 states spanning the country from coast to coast. The
company also owns 76 industrial projects located in California, Florida,
Georgia, Tennessee, Texas and Virginia and three other operating properties
located in Arizona and Texas. At December 31, 2009, the company’s
portfolio of properties was approximately 70.0 million square feet. To
learn more about the Company’s operations and growth strategies, please visit
www.weingarten.com