Boston Properties Limited Partnership enters into $1.2 billion unsecured term loan facility, repays $730M existing loan

BXP, Inc.

Borrowed $1.2 billion unsecured term loan under Credit Agreement dated Jan 4, 2023.
Facility matures May 16, 2024, with one 12-month extension option.
Interest rate at adjusted Term SOFR plus 85 bps based on current credit rating.
Proceeds used to repay $730 million existing term loan due May 2023.
Option to increase facility by up to $300 million.

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