BXP amends credit facility to $2.95 billion, extends revolver to 2030
BXP's operating partnership amended and restated its credit agreement on March 28, 2025, lifting the revolving commitment from $2.0 billion to $2.250 billion, extending its maturity to March 29, 2030, and adding a $700.0 million term loan that repaid an earlier $700.0 million term loan due May 2025. The changes lengthen the company's borrowing runway and extend the commercial paper backstop, though the filing also records $300.0 million drawn on the revolver after closing.
Key points
- Total borrowing capacity under the 2025 Credit Facility is up to $2.950 billion, with an option to increase to $3.5 billion subject to syndication
- Revolving Facility commitment rose from $2.0 billion to $2.250 billion and matures March 29, 2030
- $300.0 million outstanding under the Revolving Facility after closing
- Commercial paper program limit raised by $250.0 million to $750.0 million
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 31, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.