---
schema_version: "secwatch.filing_event.v1"
accession: "0001656423-23-000034"
form_type: "8-K"
ticker: "BXP"
cik: "0001037540"
company_name: "BXP, Inc."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:16:57.048279+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Boston Properties amends credit agreement to replace LIBOR with SOFR, adds 0.10% spread adjustment

## Summary
- Amendment dated June 1, 2023 to Ninth Amended and Restated Credit Agreement.
- Replaces LIBOR-based daily floating rate with SOFR-based daily floating rate.
- Adds SOFR-based term floating rates and alternative currency loan options.
- Adds SOFR credit spread adjustment of 0.10%.
- Other material terms of the credit agreement remain unchanged.

## SEC filing metadata
- accession: 0001656423-23-000034
- form_type: 8-K
- ticker: BXP
- cik: 0001037540
- company_name: BXP, Inc.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1037540/000165642323000034/0001656423-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1037540/000165642323000034/bxp-20230601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001656423-23-000034
- JSON: https://secwatch.observer/filing/0001656423-23-000034.json
- Plain text: https://secwatch.observer/filing/0001656423-23-000034.txt

## Key facts
- Debt Financings
  BXP, Inc. amended credit facility with Bank of America, N.A., as administrative agent, and certain lenders at SOFR-based daily floating rate option with a credit spread adjustment of 0.10%.
  - Instrument: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, and certain lenders
  - Rate: SOFR-based daily floating rate option with a credit spread adjustment of 0.10%
  - Event: amendment
  source text: the Amendment replaced the London interbank offered rate-based daily floating rate option with a Secured Overnight Financing Rate ("SOFR")-based daily floating rate option and added options for SOFR-based term floating rates and rates for alternative currency loans. In addition, the Amendment added a SOFR credit spread adjustment of 0.10%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1037540/000165642323000034/0001656423-23-000034-index.htm

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