AI English summary of an SEC filing — figures as filed
BXP BXPThe company said Boston Properties Limited Partnership entered into the First Amendment to the Tenth Amended and Restated Credit Agreement with Bank of America, N.A. as administrative agent and the lenders party thereto on April 22, 2025, with the amendment dated March 28, 2025.
Key points
AI summaryThe company said Boston Properties Limited Partnership entered into the First Amendment to the Tenth Amended and Restated Credit Agreement with Bank of America, N.A. as administrative agent and the lenders party thereto on April 22, 2025, with the amendment dated March 28, 2025.
The company said the amendment removed the SOFR conversion adjustment of 10 basis points that applied to Closing Date Term Loans. As of the amendment date, the outstanding principal balance of those borrowings was $700.0 million.
The company said that apart from removing the SOFR conversion adjustment, the material terms of the credit agreement were not changed.
The company said BofA Securities, Inc. and JPMorgan Chase Bank, N.A. are parties to the amendment as banks and fronting banks, and Bank of America, N.A. is parties as agent. It said some of the banks and their affiliates have provided, and are currently providing, investment banking and commercial banking services.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Entry into 1st Amendment to Tenth Amended and Restated Credit Agreement on April 22, 2025
The company said Boston Properties Limited Partnership entered into the First Amendment to the Tenth Amended and Restated Credit Agreement with Bank of America, N.A. as administrative agent and the lenders party thereto on April 22, 2025, with the amendment dated March 28, 2025.
Source · Based on the filing body and exhibits
Removes SOFR Conversion Adjustment of 10 basis points on Closing Date Term Loans
The company said the amendment removed the SOFR conversion adjustment of 10 basis points that applied to Closing Date Term Loans. As of the amendment date, the outstanding principal balance of those borrowings was $700.0 million.
Source · Based on the filing body and exhibits
Other Key Credit Agreement Terms Unchanged
The company said that apart from removing the SOFR conversion adjustment, the material terms of the credit agreement were not changed.
Source · Based on the filing body and exhibits
Existing Financial Service Ties With Amendment Parties and Lenders
The company said BofA Securities, Inc. and JPMorgan Chase Bank, N.A. are parties to the amendment as banks and fronting banks, and Bank of America, N.A. is parties as agent. It said some of the banks and their affiliates have provided, and are currently providing, investment banking and commercial banking services.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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