Chambers Street Secures $700M Revolving Credit Facility

Chambers Street Secures $700M Revolving Credit Facility

Chambers Street Properties secured a $700 million revolving credit facility from a group of lenders led by Wells Fargo Securities LLC and RBC Capital Markets.

The four-year facility includes a one-year extension option, as well as an option to increase the line of credit by up to another $700 million, for a total of $1.4 billion.

“This new line of credit reinforces the strength of our investment strategy and provides us with an expanded capital platform to build upon our existing portfolio and support the next phase of the company’s growth as an investor in high quality, net leased commercial real estate,” said Chambers Street President and CEO Jack A. Cuneo in a statement.

Chambers Street operates properties across three continents, including 112 properties in the U.S., seven in the U.K. and five in Germany, in addition to interests in eight properties in China and Japan.

TAGS: Net Lease News
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