Brookfield Office Upsizes Corporate Revolving Credit Facility To $1 Bln

(RTTNews) - Brookfield Office Properties Inc. (BPO, BPO.TO) Wednesday said it has upsized its corporate revolving credit facility from $695 million to $1 billion through a syndicate of lending institutions led by Deutsche Bank AG, RBC Capital Markets and Citigroup Global Markets Inc.

The upsized floating-rate credit facility holds a four-year term with two six-month extension options. The facility also features an accordion option through which Brookfield can draw an additional $250 million at the consent of the lenders.

Proceeds of the loan will be used to finance working capital and for general corporate purposes.