Parkway Properties lifts revolving loan commitment to $450 million

By Jennifer Chiou

New York, Feb. 2 – Parkway Properties, Inc. amended its senior unsecured credit facility with Wells Fargo Bank, NA as administrative agent, lifting the size of the revolving credit facility to $450 million from $250 million, according to an 8-K filing with the Securities and Exchange Commission.

The company entered into the amendment on Jan. 27 along with Parkway Properties LP and certain subsidiaries.

Wells Fargo Securities, LLC and PNC Capital Markets LLC are the joint lead arrangers and joint bookrunners.

Parkway Properties is a self-administered real estate investment trust specializing in the ownership of quality office properties in higher-growth submarkets in the Sunbelt region of the United States. The REIT is based in Orlando, Fla.

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