Urstadt Biddle Properties Inc. Announces Extension of Its $30 Million Secured Revolving Credit Facility

Urstadt Biddle Properties Inc. UBA announced today it has entered into an amendment of its existing $30 million Secured Revolving Credit Facility with The Bank of New York Mellon (“the Facility”) to extend the maturity date of the Facility to May 16, 2014. Originally scheduled to expire April 15, 2011, the Company previously had reached agreement with The Bank of New York Mellon to continue the Facility to May 16, 2011 while documentation for the three-year extension was completed.