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JDN Realty Wins $300 Mil in New Funding

ATLANTA-Nine lenders are participating in a $150 million loan and a $150 million credit line as the locally based shopping center developer prepares to expand its Southeast operations.

By Shelley M. Johnson | Updated on April 03, 2001

ATLANTA-JDN Realty Corp. has been awarded $300 million in secured credit from nine lenders. The new round of funding will aid the locally based shopping center developer expand its Southeast operations, the company says in a prepared statement.

JDN received a $150 million term loan at 4.62% and $150 million credit line that replaces its $100 million secured term loan and $175 million secured line of credit, set to mature June 14.

Proceeds from the new credit facility will be used to repay $210 million outstanding under the existing term loan and line of credit, according to the company’s statement.

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