Campus Crest boosts credit facility, closes Freddie Mac financing

Campus Crest Communities Inc. has amended and restated its unsecured credit facility, increasing it to $300 million from $200 million, while adding an accordion feature of up to $600 million and extending the term to four years, with the option of a one-year extension.

“This is a solid step in our corporate growth, as it provides necessary capital to continue to execute our growth plan. It indicates the faith and trust our banking partners have in our plan and people,” Ted Rollins, chief executive…

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