American Realty Capital Trust Closes on a Five-Year Senior Secured Loan

American Realty Capital Trust, Inc. ARCT today announced the closing of a $235 million senior secured five-year term loan led by Wells Fargo Securities, LLC. The facility bears interest at the rate of LIBOR plus 235 basis points. Wells Fargo served as Sole Lead Arranger for the term loan and Union Bank and TD Bank served as documentation agents. Additional banks participating in the new loan include U.S. Bank, BB&T, Midfirst Bank, and Raymond James. The Term Loan will replace the $200 million interim term loan that was also led by Wells Fargo. The net proceeds from the Term Loan will be used to repay outstanding balances on the Company's $330 million revolving line of credit and for general working capital purposes.