Kite Realty Group Trust Enters into a $200 Million Unsecured Credit Facility

Kite Realty Group Trust KRG announced today that it has entered into an amended and restated three-year $200 million unsecured revolving credit facility with a one-year extension option. Terms of the agreement include pricing at LIBOR plus 225 to 325 basis points depending on the Company's leverage and an expansion feature allowing up to $300 million of total borrowing capacity, subject to certain conditions. Proceeds were used to refinance the Company's existing unsecured revolving credit facility. The Company's bank group is led by KeyBank National Association, as Administrative Agent, and Bank of America, N.A., as Syndication Agent. Other banks in the syndicate include Wells Fargo Bank National Association, as Documentation Agent; BMO Harris Financing, Inc.; Raymond James Bank, FSB; Citicorp North America, Inc.; U.S. Bank National Association; The Huntington National Bank; and Royal Bank of Canada.