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BRIEF-Gladstone Land increases its credit facility to $200 mln from $125 mln

Oct 6 Gladstone Land Corp :

* New facility consists of an aggregate of $150 million in term notes and an aggregate of $50 million in revolving lines of credit

* Credit facility also extended fixed-rate term of term note borrowings to January 2027

* Gladstone Land increases its credit facility

* An increase in overall size of facility from $125 million to $200 million

* Change in overall value of underlying collateral will result in approximately $28 million of additional borrowing availability Source text for Eikon: Further company coverage:

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