Lexington Realty Trust has refinanced its existing secured revolving credit facility with a $300 million secured revolving loan. The new loan will replace the existing loan of the real estate investment trust (REIT) that was due in February 2011.

The new facility bears an interest rate of 2.5% and will matures in January 2014. The new loan is secured by ownership interest pledges and guarantees by certain of Lexington’s subsidiaries. Key Bank National Association acted as the agent of the trust on the transaction.

Click here for the release from PR Newswire.