ESCONDIDO, Calif. - A group led by Bank of New York Co. has increased the size of an unsecured credit line to Realty Income Corp. here to $130 million from $100 million, and reduced the initial interest rate by 12.5 basis points, the company said.

In addition to lowering the cost to the London Interbank offered rate plus 1.25% from Libor + 1.375%, the banks extended the line for an additional year, to Nov. 29, 1998.

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