Cole REIT II Secures $315M Loan

The operating partnership ofCole Credit Property Trust II(Cole REIT II) has secured a credit facility worth $315 million. The loan of the subsidiary ofCole Real Estate Investmentscomprises a $100 million term loan and a $215 million of revolving credit facility. The loan carries interest rate ranges from 1.75% to 4.0% and will mature in December 2013.

The senior unsecured credit facility replaces the current $135 million revolving credit agreement.Bank of AmericaandJP Morgan Chase Bankare the administrative agent and syndication agent, respectively.Merrill Lynch, Pierce, Fenner & SmithandJP Morgan Securitieswere joint lead arrangers and joint book managers in the transaction.

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