Franklin Street Properties: $320 Million Secured Credit Facility Refinances Debt And Advances Strategic Review

NodeGuardian · 2026-03-13T09:37:35+00:00

Franklin Street Properties secured a $320 million credit facility with TPG Credit to refinance debt, enhancing financial flexibility. An initial $258.5 million draw was used to repay $248.9 million in debt, while additional funds are available for property improvements.

NodeGuardian

2026-03-13 09:37:35

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Franklin Street Properties has closed a $320 million secured credit facility with TPG Credit, refinancing all outstanding indebtedness and providing financial flexibility. The company used an initial drawdown of $258.5 million to repay $248.9 million in debt and has the option for additional delayed draw term loans for property improvements. This refinancing addresses near-term debt maturities and allows FSP to continue evaluating strategic alternatives to maximize shareholder value.

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