Rouse increases credit agreement to $595 million by adding a lender

By Toni Weeks

San Luis Obispo, Calif., July 6 – Rouse Properties, Inc. operating partnership Rouse Properties, LP amended its secured credit agreement dated Nov. 22, 2013 to increase total commitments to $595 million from $540 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, made on June 29, increased revolving borrowings to $310 million from $285 million and the senior secured term loan to $285 million from $260 million. It also added Huntington National Bank as a lender.

According to the filing, the credit agreement was further amended on July 6 to revise the definition of change of control.

KeyBank NA is the administration agent.

Rouse is a New York-based regional mall owner.

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