 NEW YORK, Aug. 05, 2021 GLOBE NEWSWIRE -- INDUS Realty Trust, Inc. Nasdaq: INDT INDUS or the Company, a U.S. based industriallogistics REIT, announced today INDUS, as parent guarantor, INDUS RT, LP, as borrower, and certain subsidiaries of INDUS RT, LP as guarantors, have entered into a secured revolving credit facility of up to 100 million the New Credit Facility, replacing both the Companys former revolving credit line and acquisition credit line, which totaled 50 million in the aggregate and were scheduled to expire on September 30, 2021. The New Credit Facility has a three-year term with two one-year extensions at the Companys option. The New Credit Facility also includes an uncommitted incremental facility, which would enable the New Credit Facility to be increased up to 250 million in the aggregate. Borrowings under the New Credit Facility will bear interest subject to a pricing grid for changes in the Companys total leverage. Based on the Companys current leverage, the initial annual interest rate under the New Credit Facility is one-month LIBOR plus 1.20 compared to a rate of one-month LIBOR plus 2.50 and one-month LIBOR plus 2.75 under its former revolving credit line and acquisition credit line, respectively. 