Franklin Street Properties Debt Refinancing Talks Continue

Dow Jones

Feb 06

By Katherine Hamilton

Franklin Street Properties is still in talks to refinance all of its debt as part of its review of strategic alternatives.

The Wakefield, Mass., real estate company said Thursday that it remains in active negotiations with a potential lender to refinance the debt before its maturity date.

Franklin Street first said it was in talks with a potential lender in November.

The news is the latest update in Franklin Street's strategic alternatives review, which it initiated in May. The review includes a range of strategic alternatives, including a sale of the company, sale of assets or refinancing.

The November disclosure came after a decline in shares, for which Chief Executive George Carter said there was no clear cause. Shares have lost a third of their value in the past three months and closed on Thursday at a 52-week low of 77 cents.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

February 05, 2026 18:01 ET (23:01 GMT)

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