March 27, 2018 / 4:15 PM / 8 months ago

BRIEF-‍Broadtree Residential Obtains $100 Mln Senior Secured Revolving Line Of Credit

March 27 (Reuters) - ‍Broadtree Residential:

* HAS OBTAINED $100 MILLION SENIOR SECURED REVOLVING LINE OF CREDIT WITH JPMORGAN CHASE​

* REVOLVER CONTAINS ACCORDION FEATURE THAT ALLOWS FOR FACILITY TO BE EXPANDED UP TO $250 MILLION OF TOTAL BORROWING CAPACITY​

* CREDIT ‍FACILITY (“REVOLVER”) CARRIES A TWO-YEAR INITIAL TERM, PLUS A ONE-YEAR EXTENSION OPTION Source text for Eikon:

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