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BRIEF-Consolidated Tomoka announces amendment of its unsecured revolving credit facility
September 7, 2017 / 8:29 PM / 14 days ago

BRIEF-Consolidated Tomoka announces amendment of its unsecured revolving credit facility

Sept 7 (Reuters) - Consolidated-Tomoka Land Co

* Consolidated Tomoka announces amendment of its unsecured revolving credit facility

* Consolidated-Tomoka Land Co - ‍increased lending commitment from $75 million to $100 million​

* Consolidated-Tomoka Land Co - ‍revolver amendment extended initial maturity date three years from August 2018 to September 2021​

* Consolidated-Tomoka Land Co - ‍revolver amendment has a one-year extension option at company’s election​

* Consolidated-Tomoka Land Co says ‍ability to increase commitment up to $150 million versus $125 million previously​

* Consolidated-Tomoka Land - ‍amendment reduced interest rate whereby low end of rate range is 30-day LIBOR plus 150 basis points, under some conditions​ Source text for Eikon: Further company coverage:

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