Excel Trust, Inc. (NYSE: EXL), a retail focused real estate investment trust (REIT), has closed an unsecured revolving credit facility of up to $125 million arranged by Wells Fargo Securities, LLC and KeyBanc Capital Markets.
“We appreciate the confidence our lenders have placed in us recognizing that it is difficult to obtain an unsecured credit facility in this market,” said Mr. Gary Sabin, Chief Executive Officer of Excel Trust.
Excel Trust has the option of increasing the credit facility to $400 million, subject to lender commitments and other conditions. The term of the facility is three years and can be extended for
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