Dec. 20 (Bloomberg) -- The Rouse Co., a subsidiary of General Growth Properties Inc., obtained a $433.5 million term loan as part of its spinoff from the second-largest U.S. mall owner.
Wells Fargo & Co., Royal Bank of Canada and U.S. Bancorp are arranging the three-year debt, which includes a $50 million revolving credit facility, Chicago-based General Growth Properties said in a statement today distributed by PR Newswire.
Kevin Berry, a spokesman for General Growth, declined to comment beyond the statement.
Rouse also obtained an unsecured revolving credit line of as much as $100 million from Brookfield Asset Management Inc., the company said.
Rouse will have $1.16 billion of debt outstanding on Jan. 12, the date of the shareholder distribution, according to the statement. Rouse intends to go public on the New York Stock Exchange under the ticker RSE.
--Editors: Faris Khan, Chapin Wright
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