debt
confidence high
sentiment positive
materiality 0.40
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.