According to Retail Opportunity Investments, Corp., a fully integrated owner and operator of shopping centers, it has entered into a $175 million senior unsecured revolving credit facility arranged by Merrill Lynch, Pierce, Fenner & Smith Incorporated and KeyBanc Capital Markets Inc.
John Roche, the company's CFO said, "We believe the closing of this credit facility on an unsecured basis is a testament to our lenders' confidence in the company's ability to execute on its business plan. As we complete our first full year of operations we continue to be excited about our progress to date and the opportunities ahead. With the existing cash on hand, this senior unsecured credit facility will provide additional flexibility to continue to aggressively pursue opportunities."
The unsecured revolving credit facility has an initial maturity date of
December 1, 2012 with a borrower's option to extend the facility for
one year.
The borrowing margin and facility fee are priced off a grid
that is tied to the company's leverage ratio. Additionally, the amended
facility contains an accordion feature, which allows the company the
ability to increase its facility amount up to $250 million subject to
commitments and other conditions.
Bank of America, N.A. is the Administrative Agent and L/C Issuer,
KeyBank National Association is the Syndication Agent with PNC Bank,
N.A. and U.S. Bank, N.A as the Co-Documentation Agents. Other
participants include Bank of Montreal, Compass Bank, JPMorgan Chase
Bank, N.A, Royal Bank of Canada and Wells Fargo Bank, N.A.
Retail Opportunity Investments Corp. is a corporation that intends to
qualify as a REIT for U.S. federal incoming tax purposes and will
acquire, own, lease, reposition and manage a diverse portfolio of
necessity-based retail properties, including, primarily, well located
community and neighborhood shopping centers, anchored by national or
regional supermarkets and drugstores. ROIC targets properties
strategically situated in densely populated, middle and upper income
markets in the eastern and western regions of the United States. ROIC
is headquartered in Purchase, New York and has a west coast office
located in San Diego, CA. Additional information on Retail Opportunity
Investments Corp. is available on the Company's website at
www.roicreit.com.

The Retail Opportunity Investments Corp. logo is available at
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Forward-looking statements

This press release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. We have
based these forward-looking statements on the current expectations and
projections of the Company about future events. These forward-looking
statements are subject to known and unknown risks, uncertainties and
assumptions about us that may cause the Company's actual results,
levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by such forward-looking statements.
In some cases, you can identify forward-looking statements by
terminology such as "may," "should," "could," "would," "expect,"
"plan," "anticipate," "believe," "estimate," "continue," or the
negative of such terms or other similar expressions. Factors that might
cause or contribute to such a discrepancy include, but are not limited
to, those described in the Company's Annual Reports on Form 10-K for
the year ended December 31, 2009 and the Company's Quarterly and
Periodic Reports filed since the date of the filing of the Company's
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