BXP's Operating Partnership, Boston Properties Limited Partnership, Exercises $315M Accordion Feature Increasing Its Revolving Credit Facility Capacity to More Than $1.8B
Portfolio Pulse from Benzinga Newsdesk
Boston Properties Limited Partnership, the operating partnership of BXP, has exercised a $315M accordion feature, increasing its revolving credit facility capacity to over $1.8B.
October 02, 2023 | 11:30 am
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BXP's operating partnership has increased its revolving credit facility capacity to over $1.8B, providing the company with more financial flexibility.
The increase in revolving credit facility capacity provides BXP with more financial flexibility, which could be used for various purposes such as funding future growth, paying down debt, or managing cash flow. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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