W. P. Carey Closes on $450 Million Credit Facility

Investment firm W. P. Carey & Co. LLC WPC announced today that it has closed on a $450 million unsecured revolving credit facility. This facility will replace a $250 million unsecured revolving credit facility that was due to expire in June of 2012. The new facility will be utilized to retire the existing facility, and for potential new investments and general corporate purposes.