REIT ShopOne Centers Scores New $325M Credit Facility

Law360, Minneapolis (November 14, 2017, 1:50 PM EST) -- ShopOne Centers REIT Inc. has scored a new $325 million credit facility from multiple banks, according to an announcement from the New York-based retail-focused real estate investment trust Tuesday.

The REIT, which specializes in grocery-anchored properties, said it is using part of the facility to pay off debt at 16 of its properties.

“We are pleased to have worked with our financial partners, led by KeyBanc Capital Markets, on this transaction and to have their institutional acknowledgement of the final step in recapitalizing the ShopOne platform...
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