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Camden Property Trust (CPT) Enters into Fifth Amended and Restated Credit Agreement
Camden Property Trust (CPT) has executed its Fifth Amended and Restated Credit Agreement, extending the maturity of its revolving credit facility from August 2026 to March 2030, with options for further extensions. This agreement removes a $300 million unsecured term loan and provides flexibility in interest rate selection based on SOFR or a base rate. The funds will be used for general corporate purposes, including debt repayment, development, and acquisitions, aiming to maintain financial health and operational flexibility.