Getty Realty (GTY) said Thursday that it amended a credit agreement with a consortium of existing and new lenders to increase the senior unsecured revolving credit facility to $450 million.
The credit facility is set to mature in January 2029, with options to extend the maturity date to January 2030, according to Getty.
Additionally, it includes an accordion feature that allows Getty to request up to $300 million in additional lender commitments.
Increased capacity will be used to repay a $150 million senior unsecured term loan due October, the company added.
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