Federal Realty prices USD 400 million exchangeable senior notes offering - FRT News | RalliesFederal Realty prices USD 400 million exchangeable senior notes offering
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FRT• Federal Realty Investment Trust prices exchangeable senior notes
- Federal Realty Investment Trust’s operating partnership priced a private offering of USD 400 million 3.500% exchangeable senior notes due 2031.
- Initial purchasers received a 13-day option to buy up to an additional USD 60 million of the notes.
- Closing is expected Aug. 11.
- Net proceeds estimated at about USD 392 million, earmarked mainly for debt repayment and general corporate purposes.
- About USD 18.9 million of proceeds to fund capped call transactions tied to the notes.
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