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Entertainment Properties Closes On $215 Credit Revolver

July 1, 2009 (FinancialWire) — Entertainment Properties Trust (NYSE: EPR) has closed an amended and restated $215 million revolving credit facility to replace an existing revolving credit facility that was set to mature in January 2010.

The amended and restated facility is priced at LIBOR plus 3.5% with a 2.0% LIBOR floor and matures in October 2011, with an option to extend the maturity date to October 2012.

Entertainment Properties said that the new terms also include an accordion feature to increase the facility by $85 million. The balance drawn on the amended and restated facility at closing was $116 million.

Kansas City, Missouri-based Entertainment Properties Trust is a real estate investment trust that develops, owns, leases, and finances properties businesses.

The company’s assets include megaplex movie theatres and entertainment retail centers, as well as other recreational and specialty investments.

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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

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