Kite Realty Group Recasts Its $1.1 Billion Unsecured Revolving Credit Facility and Amends Its $250 Million Term Loan Facility

Core Points - Kite Realty Group Trust announced the closing of an amended $1.1 billion unsecured revolving credit facility and a $250 million unsecured term loan facility on October 3, 2024 [1] - The term of the Revolving Credit Facility was extended by three years, maturing on October 3, 2028, with options for further extensions [2] - The Term Loan Facility's interest rate margin was reduced, now ranging from 0.75% to 1.60%, down from 2.00% to 2.50% previously [3] Company Overview - Kite Realty Group Trust is a real estate investment trust (REIT) based in Indianapolis, IN, focusing on open-air shopping centers and mixed-use assets [4] - The company primarily operates grocery-anchored properties located in high-growth Sun Belt and strategic gateway markets, owning interests in 178 U.S. properties with approximately 27.6 million square feet of gross leasable space as of June 30, 2024 [4] - Established in 2004, Kite Realty has over 60 years of experience in real estate development, construction, and operation, continuously optimizing its portfolio to maximize shareholder value [4]