Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
FRANKLIN STREET PROPERTIES CORP /MA/ incurred credit facility of up to $320,000,000 aggregate principal commitments, consisting of $275,000,000 initial term loans and up to $45,000,000 with Silver Oak Capital LLC (affiliate of TPG Credit) at 9.0% per annum (increasing to 13.0% if extension option exercised); original iss maturing February 26, 2029, with potential extension of up to one year.
- Instrument
- credit facility
- Principal
- up to $320,000,000 aggregate principal commitments, consisting of $275,000,000 initial term loans and up to $45,000,000
- Counterparty
- Silver Oak Capital LLC (affiliate of TPG Credit)
- Rate
- 9.0% per annum (increasing to 13.0% if extension option exercised); original iss
- Maturity
- February 26, 2029, with potential extension of up to one year
- Event
- incurrence
Exact text from the filing
The New Credit Agreement provides for a secured credit facility (the “Credit Facility”) for aggregate principal commitments of up to $320,000,000, consisting of (i) initial term loans in an aggregate principal amount of $275,000,000 (the “Initial Term Loans”), and (ii) delayed draw term loans available upon the approval of the Lenders after the Closing Date in an aggregate principal amount of up to $45,000,000 (the “Delayed Draw Term Loans” and together with the Initial Term Loans, the “Term Loans”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FRANKLIN STREET PROPERTIES CORP /MA/ terminated Second Amended and Restated Credit Agreement (effective 2026-02-26).
- Action
- termination
- Agreement
- credit facility
- Effective
- 2026-02-26
Exact text from the filing
On February 26, 2026, in connection with the entry into the New Credit Agreement described above, the Company terminated and prepaid all outstanding indebtedness under (i) the Second Amended and Restated Credit Agreement, dated as of September 27, 2018 (as amended by the First A
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FRANKLIN STREET PROPERTIES CORP /MA/ entered into New Credit Agreement with Alter Domus (US) LLC, as administrative agent, and Silver Oak Capital LLC, an affiliate of TPG Credit (collectively, the Lenders) valued at $320,000,000 (effective 2026-02-26).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Alter Domus (US) LLC, as administrative agent, and Silver Oak Capital LLC, an affiliate of TPG Credit (collectively, the Lenders)
- Value
- $320,000,000
- Effective
- 2026-02-26
Exact text from the filing
On February 26, 2026 (the “Closing Date”), Franklin Street Properties Corp. (the “Company”) entered into a Credit Agreement (the “New Credit Agreement”) with Alter Domus (US) LLC, as administrative agent (the “Agent”), and Silver Oak Capital LLC, an affiliate of TPG Credit (collectively, the lenders from time to time party thereto, the “Lenders”).
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