In addition, the Company concurrently amended and restated its existing $550 million receivables securitization facility to extend the maturity through March 26, 2018
, and conform the covenants to the new credit agreement.
Settlement date is March 26; maturity date is March 26, 2018
The rate will be reset again and publicly announced at least 60 days prior to March 26, 2015 for all remaining dividend periods prior to the mandatory redemption date of March 26, 2018
March 26, 2014 /PRNewswire/ -- Liberty Property Trust (NYSE:LPT) announced today that Liberty Property Limited Partnership (together with Liberty Property Trust, "Liberty") has entered into a new $800 million unsecured revolving credit facility maturing March 26, 2018
, which replaces its previous $500 million credit line scheduled to mature November 2, 2015.