General Growth Properties (GGP) has restructured its existing $300 million three-year senior secured revolving credit facility. The U.S. shopping mall owner has increased its secured revolving credit facility to $720 million. The Illinois-based company has a ‘accordion’ clause that allows it to revise the credit line again so it can borrow up to $1 billion. GGP’s new amendment includes a step-down in interest rates and collateral requirements.

Click here for the release from Business Wire.