RPT Realty borrows $225 million under revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, March 31 – RPT Realty, LP drew down $225 million under its revolving credit facility in March, according to a press release.

The drawdown was made to enhance liquidity and balance sheet flexibility in light of the potential impact of the pandemic on the company’s business.

The company is the majority-owned operating partnership of RPT Realty, a New York-based real estate investment trust that owns and operates a portfolio of open-air shopping destinations.

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