Vereit cuts revolver commitments to $1.5 billion

By Angela McDaniels

Tacoma, Wash., Dec. 23 – Vereit, Inc.’s operating partnership, Vereit Operating Partnership, LP, reduced the commitments under its revolving credit facility to $1.5 billion from $2 billion on Monday, according to an 8-K filing with the Securities and Exchange Commission.

The reduction will become effective Friday.

Wells Fargo Bank, NA is the administrative agent.

Vereit is a Phoenix-based owner and manager of a portfolio of retail, restaurant, office and industrial real estate assets.

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