PRINCETON, NJ-Chambers Street Properties has secured an amended, restated and consolidated credit agreement that provides the locally-based firm with approximately $1.25 billion of new and refinanced unsecured borrowings and available capacity.

The financing is in addition to a recently completed $120-million unsecured term loan, bringing the total credit capacity to $1.37 billion, company officials said.

“Obtaining these unsecured financings at very attractive interest rates is an affirmation of the strength of our balance sheet and the value and stability of our portfolio,” said Martin A. Reid, Chambers Street Properties’ chief financial officer.

“With our enhanced balance sheet flexibility and borrowing capacity, including an expanded $850-million revolving line of credit, as well as new and replacement unsecured term loan financings of $520 million, the company is well capitalized to pursue its strategic objectives to grow our portfolio and drive higher cash flows and shareholder value over time,” Reid says.