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Boston’s State Street Tower Gets $1 Billion Refinancing Deal

State Street Corp. Financial Center headquarters in Boston, Massachusetts.

State Street Corp. Financial Center headquarters in Boston, Massachusetts.

Photographer: Scott Eisen/Bloomberg

Investors behind Boston’s One Lincoln Street tower, also known as the State Street Financial Center, are said to have reached a $1 billion refinancing deal.

The transaction was led by MSD Partners, according to people familiar with the matter who asked not to be named citing private information about the deal. The loan will be used to repay existing debt, fund future leasing costs and capital upgrades for wellness and lifestyle amenities, a person familiar said.