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Article: BioMed Realty Trust Receives Commitments to Expand Unsecured Line of Credit to $665 Million.
- Article from:
- PR Newswire
- Article date:
- November 9, 2009
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SAN DIEGO, Nov. 9 /PRNewswire-FirstCall/ -- BioMed Realty Trust, Inc. announced today that the company has received commitments from lenders to increase the borrowing capacity on its unsecured line of credit by $65 million to an aggregate of $665 million, with no other changes to the terms of the facility. The weighted-average effective interest rate of the unsecured line of credit was 1.35% as of September 30, 2009. The maturity date remains August 1, 2011, which may be extended to August 1, 2012 after satisfying certain conditions and paying an extension fee.
"We are very pleased with the sustained support we have received from our team of lenders and their ...