Equity Office Gets New $1B LOC

Equity Office Properties Trust, a Chicago-based owner and manager of office properties, has received a new $1 billion line of credit to replace its expiring $1 billion facility.The real estate investment trust said the terms of the new three-year facility are similar to those of its expiring LOC. Of the 20 banks participating in the transaction, Bank of America and JP Morgan Chase Bank are the co-lead managers, the REIT said. The company can be found online at http://www.equityoffice.com.

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