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Government Properties Income Trust Enters $500M Credit Facility

Oct 29, 2010 | Reprints | Unlock Link | Print

Newton’s Government Properties Income Trust (GOV) has entered a new $500 million unsecured revolving bank credit facility.

The new facility replaces GOV’s previous $250 million secured revolving bank credit facility which had a maturity date of April 24, 2012, according to a statement. The maturity date of the new facility is Oct. 28, 2013, and includes a borrower’s option to extend the facility for one year to Oct. 28, 2014.

The new facility also includes a feature under which the maximum borrowing may be increased to up to $1 billion in certain circumstances.

Executive Briefing