Franklin Street shares surge 13.37% intraday as active refinancing negotiations boost investor optimism.

Franklin Street Properties Corp. surged 13.37% intraday after announcing active negotiations with a potential lender to refinance all existing indebtedness. The update on its strategic alternatives review, including potential asset sales or company divestiture, signaled efforts to stabilize the company’s financial structure and enhance shareholder value. The refinancing initiative, highlighted in multiple news reports, aims to reduce debt burdens and improve liquidity, addressing concerns over its recent share price decline. Investors likely interpreted the proactive steps as a positive catalyst for long-term growth and risk mitigation, aligning with the sharp intraday price increase.