BXP, Inc. (BXP): debt financing — BXP modifies $700M credit facility, removes 10 bps SOFR adjustment, lowering borrowing cost

BXP, Inc.

Outstanding borrowings of $700.0 million principal as of April 22, 2025.
Amendment removes 10 basis point SOFR conversion adjustment previously applicable.
Interest rate on $700M debt will decrease by 10 bps; other terms unchanged.
Effective immediately upon execution on April 22, 2025.

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 credit facility of $700.0 million with Bank of America, N.A., as administrative agent, and certain lenders at removed the SOFR conversion adjustment of 10 basis points.

Instrument: credit facility
Principal: $700.0 million
Counterparty: Bank of America, N.A., as administrative agent, and certain lenders
Rate: removed the SOFR conversion adjustment of 10 basis points
Event: amendment

Exact text from the filing

previously applicable to Closing Date Term Loans (as defined in the Credit Agreement), of which, as of the date of the Amendment, the Company had outstanding borrowings of $700.0 million in principal amount. Other than the foregoing, the material terms of the Credit Agreement remain unchanged. BofA Securities, Inc., as a bank and a fronting bank, JPMorgan Chase

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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 0001656423-25-000025

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