Secured Credit Facility
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Franklin Street Properties Corp. Closes $320 Million Secured Credit Facility Refinancing All Outstanding Indebtedness and Provides Additional Update on Review of Strategic Alternatives
Businesswire· 2026-02-27 13:02
WAKEFIELD, Mass.--(BUSINESS WIRE)--Franklin Street Properties Corp. (the "Company†, "FSP†, "our†or "we†) (NYSE American: FSP) announced today that it has closed a $320 million secured credit facility (the "Facility†) with an affiliate of TPG Credit (the "Lender†). The Company repaid in full all of its outstanding $248.9 million aggregate principal amount of indebtedness in an initial drawdown of $258.5 million under the Facility, net of original issue discount of $16.5 million (the "Initial Te. ...