American Finance Trust, Inc., a public non-listed REIT which owns a well-diversified $3.5 billion portfolio of single-tenant office, distribution and retail and multi-tenant retail and lifestyle center properties, announced that on April 26, 2018 American Finance Operating Partnership, L.P. and AFIN, as borrower and guarantor, respectively, entered into a new $415 million revolving unsecured corporate credit facility with BMO Harris Bank N.A, as Administrative Agent, together with Citizens Bank and SunTrust Robinson Humphrey, Inc. as Syndication Agents, Joint Lead Arrangers and Joint Book Runners, and other lenders as participants.

This $415 million Credit Facility replaces AFIN's previous $325 million facility which was set to mature in May 2018.  AFIN believes the Credit Facility demonstrates AFIN's ability to obtain corporate level unsecured financing on attractive terms through expanded commitments from established relationships across a larger number of facility lender participants.

The new facility affords AFIN additional capacity to finance single-tenant net lease and multi-tenant retail assets.  The Credit Facility may be expanded under an "accordion" feature to $915 million subject to obtaining additional lender commitments.  Borrowings will be used to finance portfolio acquisitions and for general corporate purposes.

The Credit Facility will mature on April 26, 2020. The maturity date will be automatically extended by two years if AFIN's shares become publicly traded on a national securities exchange. If AFIN's shares become publicly traded on a national securities exchange, then AFIN will have a one-time right to extend the maturity date beyond such automatically extended two-year term for an additional term of one year.

Borrowings under the Credit Facility will bear interest at LIBOR plus an applicable margin ranging from 1.60% to 2.20%, depending on the Company's consolidated leverage ratio.