12:28 PM EDT, 09/13/2024 (MT Newswires) -- Acadia Realty Trust ( AKR ) said in a regulatory filing Friday that the company and its operating partnership, Acadia Realty Limited Partnership, updated their credit agreement, with Bank of America ( BAC ) as the administrative agent.

The amendment increases the revolving credit line to $525 million from $350 million on the same terms and conditions. It also raised the capacity limit on the accordion feature to $1.1 billion from $900 million, the company said.

Acadia Realty Limited Partnership on Thursday used cash on hand and funds from the updated credit line to repay a $175 million loan under the credit agreement from April 2022, according to the filing.

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