Kite Realty Group Trust Amends and Extends Its $200 Million Unsecured Revolving Credit Facility

  Kite Realty Group Trust Amends and Extends Its $200 Million Unsecured
  Revolving Credit Facility

Business Wire

INDIANAPOLIS -- March 4, 2013

Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that it
has amended the terms of its existing $200 million unsecured revolving credit
facility. The maturity date was extended by ten months to February 26, 2017
and the interest rate was reduced from LIBOR plus 190 to 290 basis points to
LIBOR plus 165 to 250 basis points, depending on the Company’s leverage. The
Company has the option to extend the maturity date to February 26, 2018. The
Company also increased the expansion feature in the unsecured revolving credit
facility from $300 million to $400 million, subject to certain conditions.

The Company’s bank group for the amended $200 million unsecured revolving
credit facility is led by KeyBank National Association, as Administrative
Agent, and Bank of America, N.A., as Syndication Agent. Other banks in the
syndicate include Wells Fargo Bank National Association, as Co-Documentation
Agent; U.S. Bank National Association, as Co-Documentation Agent; JPMorgan
Chase Bank, N.A.; Citibank, N.A.; Raymond James Bank, N.A.; and The Huntington
National Bank.

About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate
investment trust engaged in the ownership, operation, management, leasing,
acquisition, construction, redevelopment and development of neighborhood and
community shopping centers in selected markets in the United States. At
December 31, 2012, the Company owned interests in a portfolio of 60 operating
and redevelopment properties totaling approximately 9.3 million square feet
and three properties currently under development totaling 0.5 million square
feet.

Contact:

Kite Realty Group Trust
Dan Sink, Chief Financial Officer, 317-577-5609
dsink@kiterealty.com
or
Investors/Media:
Adam Basch, Financial Analyst, 317-578-5161
abasch@kiterealty.com
 
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