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Government Properties to pay down term loan via share offering proceeds
By Tali Rackner
Norfolk, Va., July 23 – Government Properties Income Trust said it will partially repay amounts outstanding under its new $500 million term loan with the proceeds from a common share offering, according to a press release.
Government Properties Income Trust is a real estate investment trust that owns properties leased primarily to the U.S. government and state governments. It is based in Newton, Mass.
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