Brief: Franklin Street Properties Enters Into First Amendment To Credit Agreement

Franklin Street Properties

10/02/2023 21:42

Feb 10 (Reuters) - Franklin Street Properties Corp
 FSP.A :
    * CO ENTERED INTO FIRST AMENDMENT TO CREDIT AGREEMENT
    * AMENDMENT TO REDUCE AVAILABILITY FOR BORROWINGS, AT CO'S
ELECTION, FROM UP TO $237.5 MILLION TO UP TO $150 MILLION
    * AMENDMENT EXTENDS THE AGREEMENT'S MATURITY DATE FROM
JANUARY 12,
2024 TO OCTOBER 1, 2024
    * EFFECTIVE OCT 1, AVAILABILITY UNDER BOFA REVOLVER WILL BE
REDUCED TO $125 MILLION
    * EFFECTIVE APRIL 1, 2024, AVAILABILITY UNDER BOFA REVOLVER
WILL
BE FURTHER REDUCED TO $100 MILLION

Further company coverage:  FSP.A 
 ((Reuters.Briefs@thomsonreuters.com))