BioMed Completes $400M Senior Unsecured Term Loan Financing
BioMed Realty Trust (NYSE: 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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.