REIT Amends Credit Facilities

BioMed Realty Trust Inc., a real estate investment trust based in San Diego, has amended its credit facilities to reduce its borrowing rates and boost its credit line.The borrowing rate under a $250 million secured term loan was reduced by 60 basis points, and the borrowing limit under its unsecured revolving line of credit was raised from $500 million to $600 million, the REIT said. KeyBank NA was the administrative agent and lead arranger for both facilities. BioMed, which specializes in providing real estate to the life science industry, can be found online at http://www.biomedrealty.com.

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