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HRPT Properties Unit Secures $250M Credit Facility

Stock quotes in this article: BAC , HRP , MS , RY  

NEWTON, Mass. (AP) — Office real estate investment trust HRPT Properties Trust said Tuesday that one of its subsidiaries secured a $250 million credit facility.

HRPT said it plans to use proceeds to reduce outstanding debt under its revolving credit facility.

The maturity date of this new facility is April 24, 2012, with an option to extend the facility for one year. ...

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