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BioMed Realty Trust Converts $156.4 Million Of Its Senior Unsecured Term Loan To 100 Million Pounds Sterling
Date:8/2/2012

SAN DIEGO, Aug. 2, 2012 /PRNewswire/ -- BioMed Realty Trust, Inc. (NYSE: BMR) announced today that the company has closed on an amendment to its senior unsecured term loan facility which converts $156.4 million of the $400 million principal amount outstanding to 100 million pounds sterling and provides for the base rate index on this portion of the facility to be GBP 1-month LIBOR. All other material terms and conditions of the term loan facility remain unchanged, including the interest rate margin of 165 basis points and maturity date of March 30, 2017.

Concurrent with the closing of the amendment, the company entered into interest rate swap agreements that effectively fix the pound sterling denominated interest payments on this portion of the term loan at approximately 2.39% for the remaining term, subject to adjustments based on BioMed Realty's credit ratings.

Greg Lubushkin, Chief Financial Officer of BioMed Realty, remarked, "We are very pleased with the efficient execution of this amendment to our unsecured term loan facility, which will serve as an effective hedge against foreign currency exposure associated with our recently announced acquisition of the Granta Park campus in Cambridge, United Kingdom.  This transaction exemplifies the breadth of our financing activity throughout the first half of 2012 and our focus on maintaining our strong balance sheet and liquidity to leverage BioMed Realty's expertise in life science real estate for the benefit of our shareholders."

About BioMed Realty Trust

BioMed Realty Trust, Inc. is a real estate investment trust (REIT) focused on Providing Real Estate to the Life Science Industry®. The company's tenants primarily include biotechnology and pharmaceutical companies, scientific research institutions, government agencies and other entities involved in the life science industry. BioMed Realty owns or
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SOURCE BioMed Realty Trust, Inc.
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