WilmerHale Reps Franklin Street Properties in $1B Recast of Unsecured Credit Facility

WilmerHale Reps Franklin Street Properties in $1B Recast of Unsecured Credit Facility

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We guide clients through today’s ever-changing debt markets, representing them in a broad variety of debt deals that range from complex financial structures to traditional loan transactions.

Franklin Street Properties (FSP) Corporation announced that it has successfully entered into the following transactions: recast of existing unsecured credit facility into $1 billion facility and private placement of $200 million senior unsecured notes. The company also amended its existing term loan with Bank of Montreal as Administrative Agent and its existing term loan with JPMorgan Chase Bank, N.A. as Administrative Agent to conform the financial covenants and certain other provisions to the BAML Credit Facility.

The WilmerHale team representing FSP included Tom Ward, Jamie Class and Emily Gainor.

For more information, including a summary of key terms, read FSP's press release.

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