 NEW YORK, March 22, 2021 GLOBE NEWSWIRE -- INDUS Realty Trust, Inc. Nasdaq: INDT INDUS or the Company today announced that its wholly owned subsidiary, INDUS Realty Trust, LLC, entered into the fourth amendment the Revolving Credit Line Amendment to the Revolving Line of Credit Loan Agreement the Amended Webster Credit Line with Webster Bank, N.A. Webster Bank. The Revolving Credit Line Amendment provides for an increase in the amount of the Amended Webster Credit Line from 19.5 million to 35.0 million, while adding two industriallogistics properties totaling approximately 283,000 square feet in the Charlotte, North Carolina area to the collateral for the Amended Webster Credit Line. In addition to the two industriallogistics properties in the Charlotte area, the collateral pool for the Amended Webster Credit Line will consist of the Companys eight officeflex buildings aggregating approximately 224,000 square feet and two industriallogistics buildings aggregating approximately 50,000 square feet in Connecticut and an approximately 68,000 square foot industriallogistics building in Orlando, Florida. The Revolving Credit Line Amendment amends the Amended Webster Credit Line interest rate to include a provision that the one month LIBOR rate cannot be less than zero. Along with the Companys separate 15.0 million credit line for acquisitions, total borrowing capacity under credit lines with Webster Bank increased to 50.0 million as a result of the Revolving Credit Line Amendment. 