Wells Fargo-led syndicate provides $600 million revolving and term loan facility for publicly traded real estate investment trust
Client(s) Wells Fargo Bank, National Association
Jones Day advised Wells Fargo Bank, National Association, as administrative agent, in connection with the recast of a $600 million credit facility, consisting of a $325 million term loan facility and a $275 million revolving facility, secured by pledges of equity in a portfolio of marinas located in Arizona, California, Florida, New Jersey, and Texas (and to be further secured by the underlying borrowing base properties) for a REIT that owns and manages a portfolio of marina properties throughout the United States.
