Rouse lifts revolver to $150 million, prepays $100 million term loan

By Susanna Moon

Chicago, Jan. 23 - Rouse Properties, Inc. boosted its revolving loans by $100 million to $150 million with Wells Fargo Securities, LLC, RBC Capital Markets, LLC and U.S. Bank NA as lead arrangers, according to an 8-K filing with the Securities and Exchange Commission.

The company amended the terms of its senior secured credit facility on Thursday with Wells Fargo Bank, NA as administrative agent.

At the same time, the company prepaid $100 million of its senior secured term loan.

After the amendment, the senior secured credit facility has an outstanding balance of $187.9 million and an undrawn $150.0 million revolver.

The senior secured credit facility matures in January 2015.

Rouse is a New York-based regional mall owner.

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