Equity One Closes $575M Unsecured Revolving Credit Facility

Equity One, Inc.

announced that it has closed a $575 million unsecured revolving credit facility which replaces its existing $400 million facility. The new facility, which has a four-year term with a one year extension option, can be upsized to $800 million through an accordion feature. Borrowings under the new facility will bear interest at the annual rate of LIBOR plus 155 basis points subject to a pricing grid for changes in the company's credit ratings.