Retail Properties repays most borrowings under $850 million revolver

By Taylor Fox

Chicago, July 6 – Retail Properties of America, Inc. repaid most of the borrowings under its $850 million unsecured revolving line of credit during June, according to a news release.

As of June 30, the company had $135 million outstanding on the revolver and $715 million in revolver availability.

At March 31, the revolver was nearly fully drawn, the company reported.

The company said its daily cash collections rose in May and June as its tenant base reopened, allowing for the repayments.

Retail Properties is an Oak Brook, Ill., owner and operator of shopping centers.

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