BXP, Inc. (BXP): debt financing — BXP amends credit facility to $2.95B, adds $700M term loan, extends revolver to 2030

BXP, Inc.

Revolving facility increased from $2.0B to $2.25B; maturity extended from June 2026 to March 2030.
New $700M unsecured term loan facility maturing March 2029, with two 6-month extension options.
Total facility capacity can be increased up to $3.5B through additional commitments.
Proceeds from $700M term loan draw used to fully repay existing term loan due May 16, 2025.
Commercial paper program increased from $500M to $750M, backstopped by credit facility.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BXP, Inc. amended revolving credit of $2.250 billion with Bank of America, N.A. at Term SOFR, Daily Simple SOFR or Base Rate plus margin based on credit rating ran maturing March 29, 2030.

Instrument: revolving credit
Principal: $2.250 billion
Counterparty: Bank of America, N.A.
Rate: Term SOFR, Daily Simple SOFR or Base Rate plus margin based on credit rating ran
Maturity: March 29, 2030
Event: amendment

Exact text from the filing

conditions. Among other things, the amendment and restatement (1) increased the total commitment of the revolving line of credit (the “Revolving Facility”) from $2.0 billion to $2.250 billion, (2) extended the maturity date of the Revolving Facility from June 15, 2026 to March 29, 2030, and (3) added a $700.0 million unsecured term loan facility (the “Term Loan

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BXP, Inc. incurred term loan of $700.0 million with Bank of America, N.A. at Term SOFR, Daily Simple SOFR or Base Rate plus margin based on credit rating ran maturing March 30, 2029.

Instrument: term loan
Principal: $700.0 million
Counterparty: Bank of America, N.A.
Rate: Term SOFR, Daily Simple SOFR or Base Rate plus margin based on credit rating ran
Maturity: March 30, 2029
Event: incurrence

Exact text from the filing

At closing on March 28, 2025, the Company drew the full $700.0 million of the Term Loan Facility under the 2025 Credit Facility

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8 debt financings filed in the last 30 days. Browse all debt financings →

BXP, Inc. filing history →

Source: SEC EDGAR

accession 0001656423-25-000014

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