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A $4.5B global REIT managed by Hines has arranged a new $1.4B debt facility from a group of banks led by JPMorgan in one of the largest real estate refinancings of the past few years.

Hines Global Income Trust said it secured the new facility to refinance loans originated in 2021. The debt facility is split into two parts: a $650M senior unsecured revolving credit facility and a $700M senior unsecured term loan. The debt matures in March 2028, with two one-year extension options.