Developers Diversified Realty Taps $300 Million in Additional Borrowing Capacity Through Expansion of Secured Term ... (Marketwire via Yahoo! Finance)
Developers Diversified Realty, the nation's leading owner, developer and manager of market-dominant shopping centers, today announced it has exercised the accordion feature of its secured term loan, increasing total capacity from $550 million to $800 million. Loan pricing remained constant at LIBOR plus 70 basis points. The loan matures in 2011 and has a one-year extension option.

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