NEWTON, Mass. (AFX) - HRPT Properties Trust, a real estate investment trust focused on office buildings, on Tuesday said it extended the maturity of its $750 million revolving bank credit facility until 2010, with a borrower's option for an additional year.
The facility was originally scheduled to mature in 2009, with an additional one-year option.
As part of the amendment to the facility, the number of participating banks decreased from 32 to 28.
Wachovia Securities acted as lead arranger for the amendment and extension of the bank facility.
Shares of HRPT Properties Trust rose 4 cents to close at $11.65 on the New York Stock Exchange.
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