Spirit Realty Capital, Inc. recently fortified its balance-sheet strength by closing a new $200-million unsecured term loan facility. The latest facility comprises an accordion feature, where there is an option to increase the available term loans to a total amount of $400 million, subject to the fullfilment of some conditions and lender commitments. The maturity of the loan stands at Apr 2, 2022, and the interest is pegged at LIBOR plus 150 basis points. The interest is based on the company's credit rating. Per management, the company's available liquidity reaches $700 million with the conclusion of this loan facility. The figure includes the cash balance and the revolving credit facility. The company's closure of this credit facility and sizeable liquidity position at these juncture bodes well. In the wake of the coronavirus pandemic, companies with improved liquidity can sail through these volatile times and Spirit Realty ensured that by enhancing the same.