By Andrew McIntyre (August 28, 2015, 3:49 PM EDT) -- Baker Donelson Bearman Caldwell & Berkowitz PC represented Monmouth Real Estate Investment Corp. in its new credit arrangement, worth as much as $200 million, with a trio of banks led by BMO Capital Markets, according to a regulatory filing on Friday by the New Jersey-based real estate investment trust.
The new facility, which replaces Monmouth's current $60 million facility that was set to mature June 2016, is for $130 million and includes an additional $70 million accordion feature.
JPMorgan Chase Bank NA and RBC Capital Markets joined Bank of Montreal as lenders in connection with the new agreement.
"This new facility,...
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