American Realty Capital Trust IV Receives $750 Million of Financing Commitments
Lenders will Include Regions Bank, JP Morgan Chase, Wells Fargo, RBS Citizens and Bank of America
NEW YORK, May 31, 2013 /PRNewswire/ -- American Realty Capital Trust IV, Inc. ("ARCT IV" or the "Company") announced today that it has received commitments for up to $750.0 million of financing from Regions Bank, N.A, JP Morgan Chase Bank, N.A., Wells Fargo Bank, National Association, RBS Citizens, N.A and Bank of America, N.A. The $750.0 million of financing will be subject to the terms of a credit agreement into which the parties have yet to enter.
Regions Bank will act as Administrative Agent for the credit facility and J.P. Morgan Securities, LLC will act as a Joint Lead Arranger.
"We are pleased to announce that this financing will give us low-cost balance sheet flexibility and optionality as we complete the acquisition stage of ARCT IV," said Nicholas S. Schorsch, Chairman and Chief Executive Officer of the Company.
ARCT IV is a publicly registered, non-traded real estate investment trust ("REIT") that qualified as a REIT for tax purposes for the taxable year ended December 31, 2012. Additional information about ARCT IV can be found on its website at www.arct-4.com.
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as "anticipate," "believe," "expect" and "intend" indicate a forward-looking statement, although not all forward-looking statements include these words.
SOURCE American Realty Capital Trust IV, Inc.
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