Cedar Realty Trust, Inc. announced the closing of a new $300 million senior secured credit facility. The new facility is comprised of a four-year $75 million term loan and a three-year $225 million revolving credit facility, subject to collateral in place. Borrowings under the new facility are initially priced at LIBOR plus 275 basis points and can range from LIBOR plus 200 to 300 basis points based on the Company's leverage ratio. The term loan and the revolving credit facility may both be extended for one additional year at the Company's option. Under an accordion feature, the credit facility can be increased to $500 million. This facility replaces both the Company's prior $185 million secured revolving credit facility for stabilized properties and its $150 million secured construction facility. The Company's bank group was led by KeyBank National Association, as Administrative Agent, and Bank of America, N.A., as Syndication Agent. Manufacturers and Traders Trust Company and Regions Bank acted as co-documentation agents. Other banks in the syndicate include Royal Bank of Canada; TD Bank, N.A.; Raymond James Bank, FSB; Credit Suisse AG, Cayman Islands Branch; and Goldman Sachs Bank USA.