Boston Properties to repay $310 million of borrowings via financing

By Tali Rackner

Minneapolis, June 8 – Boston Properties, Inc. plans to repay the $310 million of borrowings outstanding under its $1.5 billion unsecured line of credit using the proceeds from new mortgage financing, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will also be used for other working capital purposes.

Boston Properties is a Boston-based real estate investment trust for office properties.

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