N@N

Government Properties Income Trust Extends Term and Reduces Rate on Increased Credit Facility

_{//business-finance.news-articles.net/content/201 .. d-reduces-rate-on-increased-credit-facility.html}
^{Published in Business and Finance on Tuesday, October 18th 2011 at 14:31 GMT by Market Wire}  

NEWTON, Mass.--([ BUSINESS WIRE ])--Government Properties Income Trust (NYSE: GOV) today announced that it has amended and increased its existing $500 million unsecured revolving credit facility to $550 million.

Prior to the amendment, GOVa™s credit facility had a maturity date of October 28, 2013 and interest paid on drawings was LIBOR plus 210 basis points, subject to adjustments based on changes to GOVa™s credit ratings. The maturity date of the amended credit facility is extended to October 18, 2015 and interest paid on drawings is reduced to LIBOR plus 150 basis points, subject to adjustments based on changes to GOVa™s credit ratings.

The amended credit facility includes a borrowera™s option to extend the facility for one year to October 18, 2016. In addition, the amended facility also includes a feature under which maximum borrowing may be increased up to $1.1 billion in certain circumstances.

Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as Joint Lead Arrangers for the amended credit facility. Banks participating in the amended credit facility are as follows:

Government Properties Income Trust is a real estate investment trust, or REIT, which owns properties leased primarily to the U.S. Government and state governments located throughout the United States. GOV is headquartered in Newton, MA.

WARNINGS CONCERNING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE INCLUDES FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. THESE INCLUDE STATEMENTS REGARDING (1) FUTURE AVAILABILITY OF BORROWINGS UNDER THE AMENDED CREDIT FACILITY, (2) INTEREST PAID ON BORROWINGS UNDER THE AMENDED CREDIT FACILITY, AND (3) A FEATURE UNDER WHICH GOV MAY EXPAND THE MAXIMUM AVAILABILITY UNDER THE AMENDED CREDIT FACILITY. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY THESE FORWARD LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS. FOR EXAMPLE:

• CONTINUED AVAILABILITY OF BORROWINGS UNDER THE AMENDED CREDIT FACILITY IS SUBJECT TO GOV'S SATISFYING CERTAIN FINANCIAL COVENANTS AND MEETING OTHER CUSTOMARY CONDITIONS.
• ACTUAL ANNUAL COSTS UNDER THE AMENDED CREDIT FACILITY WILL BE HIGHER THAN LIBOR PLUS A PREMIUM ON DRAWINGS BECAUSE OF OTHER FEES AND EXPENSES ASSOCIATED WITH THE FACILITY.
• INCREASING THE MAXIMUM BORROWINGS UNDER THE AMENDED CREDIT FACILITY IS SUBJECT TO OBTAINING ADDITIONAL COMMITMENTS FROM LENDERS, WHICH COULD BE IMPACTED BY CHANGES IN OUR FINANCIAL CONDITION, THE ECONOMY OR THE CAPITAL MARKETS.

SOME OF THESE FACTORS ARE BEYOND GOV'S CONTROL. FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR. FOR THE FOREGOING REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS. EXCEPT AS REQUIRED BY LAW, GOV DOES NOT INTEND TO UPDATE OR CHANGE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the New York Stock Exchange.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.