Franklin Street Properties Corp. Closes $320 Million Secured Credit Facility Refinancing All Outstanding Indebtedness and Provides Additional Update on Review of Strategic Alternatives
Franklin Street Properties Corp. (FSP)
NASDAQ:AMEX Investor Relations:
franklinstreetproperties.com
Company Research
Source: Business Wire
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 Term Loans”). The Facility includes up to $45 million of delayed draw term loans, which, subject to certain conditions, will be used to fund tenant improvements, leasing commissions, building improvements and other uses approved by the Lender (“Delayed Draw Term Loans”) and contains customary covenants. Alter Domus (US) LLC will act as administrative agent for the Facility.A summary of key terms is below:Aggregate principal amount $320 million (including both the Initial Term Loans and the Del
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FSP
Earnings
- 10/28/25 - In-Line
FSP
Sec Filings
- 2/11/26 - Form SCHEDULE
- FSP's page on the SEC website