CapLease gets 3-year extension on credit agreement from Wells Fargo
By APMonday, July 19, 2010
CapLease gets extension on credit agreement
NEW YORK — Real estate investment trust CapLease Inc. said Monday that Wells Fargo Bank has agreed to extend its credit agreement for another three years.
The $140 million credit line now expires July 16, 2013.
CapLease said it invests primarily in single tenant commercial real estate assets subject to long-term leases.
CapLease shares rose 5 cents, or 1.3 percent, to $4.74 in midday trading Monday.
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