RD Property Expands Credit Facility to $420 Million and Adds Capital One as Joint Lead Arranger
RD Property LLC has expanded its credit facility from $350 million to $420 million, providing additional financial flexibility for growth initiatives such as acquisitions and redevelopment. The expansion was facilitated by the exercise of an accordion feature in the existing loan agreement. Capital One, National Association joined KeyBank, PNC Bank, Huntington National Bank, and The Bank of New York Mellon as Joint Lead Arrangers on the facility. John Hayes, CFO of RD Management LLC, highlighted that this increased capacity supports strategic opportunities across their diversified real estate portfolio spanning 51 properties totaling approximately 4 million square feet. RD Property's banking group reflects strong relationships with leading financial institutions and underscores confidence in its asset management capabilities.
Topics: banking_partnerships credit_facility_expansion real_estate_growth