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BioMed Realty Trust
BMR
announced today that the company has closed a new $400 million senior
unsecured term loan facility. The new facility matures on March 30, 2017. The
interest rate paid on drawings under the new facility is currently set at
LIBOR plus 1.65%, subject to adjustments based on BioMed's credit ratings.
The company used the proceeds from this new facility to repay a portion of the
outstanding indebtedness under its unsecured line of credit and for other
general corporate and working capital purposes.
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