Government Properties Income Trust Closes $350 Million Senior Unsecured Term Loan

Government Properties Income Trust (NYSE: GOV) today announced the closing of a new five year $350 million unsecured term loan. The loan matures on January 11, 2017, and is prepayable without penalty at any time. Terms of the new loan include interest at LIBOR plus 175 basis points, subject to adjustments based on changes to GOV’s credit ratings. GOV expects to use the net proceeds of the term loan to repay amounts outstanding under its $550 million revolving credit facility and fund general business activities, including possible future acquisitions.

Name of Institution						Title
Wells Fargo Bank, N.A.						Lead Arranger / Administrative Agent
Citibank, N.A.						Lead Arranger / Syndication Agent
Regions Bank						Documentation Agent
Royal Bank of Canada						Documentation Agent
U.S. Bank National Association						Documentation Agent
BBVA Compass Bank						Documentation Agent
RBS Citizens, N.A.						Documentation Agent
Capital One, N.A.						Lender
PNC Bank, National Association						Lender
TD Bank, N.A.						Lender
Union Bank, N.A.						Lender
Comerica Bank						Lender
First Commercial Bank						Lender
First Hawaiian Bank						Lender
Chang Hwa Commercial Bank, Ltd.						Lender
E. Sun Commercial Bank, Ltd.						Lender
Mega International Commercial Bank						Lender

Government Properties Income Trust is a real estate investment trust, or REIT, which owns properties leased primarily to the U.S. Government and state governments located throughout the United States. GOV is headquartered in Newton, Massachusetts.

1 2 Next › Last »