DuPont Fabros Technology Increases Unsecured Revolving Credit Facility
DuPont Fabros Technology, Inc. (NYSE: DFT) today announced that the Company increased its unsecured revolving credit from $100 million to $225 million. The amended facility has a new maturity date of March 21, 2016, and includes a one-year extension option that is exercisable upon the payment of an extension fee and the satisfaction of certain other customary conditions.
The interest rate on the amended facility is LIBOR plus 1.85% based on the Company's current indebtedness. The key terms of the credit facility remain in full force and effect. As of the date of this release, there are no borrowings under this facility.
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