Terreno Realty Corporation increases borrowing capacity on its unsecured credit facility
BELLEVUE, Wash.–(BUSINESS WIRE)–Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major U.S. coastal markets, today announced a $150 million increase in borrowing capacity under its $400 million revolving credit facility (the “Facility”). The current outstanding balance on the facility is $12 million.
KeyBanc Capital Markets, MUFG Union Bank, NA, PNC Capital Markets LLC and Regions Capital Markets served as joint lead arrangers and KeyBank, NA is the administrative agent. MUFG Union Bank, PNC Bank, NA and Regions Banks served as co-syndication agents. Other key participants were Goldman Sachs Bank USA, US Bank, NA, Huntington National Bank and Citizens.
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major US coastal markets: Los Angeles, Northern New Jersey/New York, San Francisco Bay Area, Seattle, Miami and Washington, D.C.
Additional information about Terreno Realty Corporation is available on the Company’s website at www.terreno.com.
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