Spirit Realty (SRC) closes $1.2 billion bank credit agreement.

Spirit Realty Capital, Inc. (SRC) announced today that it has closed on a $1.2 billion multicurrency revolving credit agreement.  The new facility matures on March 31, 2026 and includes an accordian feature that provides for expansion of up to $1.7 billion.  The administrative agent is J.P. Morgan.

Established in 2003, Spirit Realty owns and manages a diverse portfolio of retail, office, and industrial properties operating under net-lease agreements with over 320 tenants in 49 states. SRC is a member of the S&P MidCap 400 with a total market capitalization of $9.4 billion.