Seven Lenders Participated in Credit Facility

OAK BROOK, Ill.--(BUSINESS WIRE)-- Inland American Real Estate Trust, Inc. (“Inland American”), announced today it has entered into a new, three-year $200 million unsecured revolving line of credit facility, and a four-year, $75 million unsecured term loan, with a group of lenders led by KeyBanc Capital Markets, Inc. (“KeyBanc”) and JPMorgan Securities LLC. The credit facility is available for general corporate purposes including acquisitions, new developments and maturing debt payoffs. This borrowing capacity significantly increases Inland American’s financial resources for both working capital and growth.

"We’re pleased to have executed this significant credit facility. Combined with our cash position and strong balance sheet, this credit facility ensures that we have the financial capacity required to support our strategic growth initiatives," said Jack Potts, principal financial officer of Inland American. “KeyBanc has been very flexible and responsive during this process. They’ve worked with Inland American to structure an agreement that supports our company’s growth today and into the future during the term of the credit facility.”

The new line includes an accordion feature that would increase the borrowing capacity to as much as $600 million, if fully exercised. Maturing in May 2016, the unsecured revolving line includes a one-year extension option. Pricing is based on the Company's total leverage ratio. At today's leverage, pricing on the revolver is LIBOR plus 1.90% and LIBOR plus 1.80% on the term loan. For this facility, KeyBanc and J.P. Morgan Securities LLC were joint lead arrangers. KeyBank National Association is administrative agent and JPMorgan Chase Bank, N.A. acted as the syndication agent. In addition to the above financial institutions, Bank of America, N.A., Citibank, N.A. and Wells Fargo Bank were co-documentation agents and lenders in the facility.

About Inland American Real Estate Trust, Inc.

Inland American Real Estate Trust, Inc. focuses on acquiring and developing a diversified portfolio of commercial real estate located in the United States. The company also invests in joint ventures, development projects, real estate loans and marketable securities. As of December 31, 2012 Inland American owned, directly or indirectly through joint ventures in which it has a controlling interest, 794 properties, representing approximately 46 million square feet of retail, industrial and office properties, 5,311 conventional multi-family units, 5,212 student housing beds and 16,345 lodging rooms. Inland American is one of six REITs that are, or have been, sponsored by affiliates of The Inland Real Estate Group of Companies, Inc. For further information regarding Inland American, please refer to the company website at www.inlandamerican.com.

Inland American Real Estate Trust, Inc.
Dan Lombardo, 630-586-6314
dan.lombardo@inlandgroup.com

Source: Inland American Real Estate Trust, Inc.