secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2022-09-07T23:59:59+00:00
Accession:  0001558370-22-014227
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Street Properties sells two Colorado office buildings for $102.5M; records $24M gain and repays term loan
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- Sold 380 & 390 Interlocken Crescent in Broomfield, CO for $102.5M gross.
- Expects to record ~$24M gain on sale in Q3 2022.
- Used proceeds to prepay $110M Bank of America term loan in full on Sept 6, 2022.
- Term loan would have matured Jan 12, 2023.
- Pro forma shows reduction in debt and interest expense.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000155837022014227/0001558370-22-014227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000155837022014227/fsp-20220831x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014227

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