Gramercy Property Trust Inc. (GPT)

[Enterprising Investor]

Gramercy Property Trust Announces Closing of Expanded $600 Million Unsecured Credit Facility (1/26/15)

NEW YORK--(BUSINESS WIRE)--Gramercy Property Trust Inc. (NYSE:GPT), a real estate investment trust, announced today that it completed a previously announced expansion of its senior unsecured credit facility (the “Credit Facility”), increasing the revolving borrowing capacity thereunder by $200 million. After giving effect to the modification, the Credit Facility affords the Company $600 million of aggregate borrowing capacity, consisting of a $200 million term loan (which was not affected by the amendment) and up to $400 million of revolving credit capacity. The Company may, at its election, further increase the Credit Facility up to $1 billion of aggregate borrowing capacity, subject to lender approval and satisfaction of certain customary conditions.

The Credit Facility banks include JPMorgan Chase Bank, N.A., Bank of America, N.A., Morgan Stanley Bank, N.A., Royal Bank of Canada, The Bank of New York Mellon, U.S. Bank National Association, SunTrust Bank, The Huntington National Bank and Citizens Bank, National Association.

About Gramercy Property Trust

Gramercy Property Trust Inc. is a fully-integrated, self-managed commercial real estate investment company focused on acquiring and managing income-producing industrial and office properties net leased to high quality tenants in major markets throughout the United States. The Company also operates a commercial real estate asset and property management business for third parties.

To review the Company’s latest news releases and other corporate documents, please visit the Company's website at www.gptreit.com or contact Investor Relations at 212-297-1000.

http://www.businesswire.com/news/home/20150126005256/en/Gramercy-Property-Trust-Announces-Closing-Expanded-600#.VMZxxoktGUk