---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-000225"
form_type: "8-K"
ticker: "FSP"
cik: "0001031316"
company_name: "FRANKLIN STREET PROPERTIES CORP /MA/"
filed_at: "2022-01-12T23:59:59+00:00"
generated_at: "2026-06-27T18:30:45.661419+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Franklin Street Properties enters $217.5M revolver, terminates $600M prior facility

## Summary
- New $217.5M revolving credit facility with Bank of America, maturing January 12, 2024, with accordion up to $750M.
- Prior $600M revolver terminated with no outstanding borrowings; existing $400M term loan ($110M outstanding) unaffected.
- Interest rates based on leverage ratio (1.55%-2.35% over SOFR) or optional credit rating grid.
- Proceeds for acquisitions, investments, refinancing debt, and general corporate purposes.
- Financial covenants include minimum tangible net worth, max leverage ratio, and dividend distribution limit of 95% of FFO.

## SEC filing metadata
- accession: 0001558370-22-000225
- form_type: 8-K
- ticker: FSP
- cik: 0001031316
- company_name: FRANKLIN STREET PROPERTIES CORP /MA/
- filed_at: 2022-01-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031316/000155837022000225/0001558370-22-000225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031316/000155837022000225/fsp-20220110x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-000225
- JSON: https://secwatch.observer/filing/0001558370-22-000225.json
- Plain text: https://secwatch.observer/filing/0001558370-22-000225.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.