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COPYRIGHT 2004 Business Wire
CHICAGO -- Trizec Properties, Inc. (NYSE:TRZ) today announced that it has obtained a $750 million unsecured credit facility from a syndicate of 26 lenders. The facility was co-arranged by Deutsche Bank and Bank of America. Other lead lenders are Bank of Montreal, Bank of Nova Scotia and JPMorgan. Deutsche Bank will act as Administrative Agent.
The facility, guaranteed by Trizec Properties, Inc., consists of a $600 million revolver and a $150 million term loan, and has a three-year term with a one-year extension option. The facility requires interest-only payments, with the...
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