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CommonWealth REIT To Redeem $191M In Senior Notes

Jun 8, 2012 | Reprints | Unlock Link | Print

CommonWelth REIT says it will redeem all of its outstanding 6.5 percent senior notes due 2013.

The Newton-based investment trust said the redemption price will be equal to the principal amount of about $191 million plus interest.

The redemption is expected to take place July 16. CommonWealth said it expects to fund the redemption with cash on hand and borrowing through a revolving credit facility.

CommonWealth owns office buildings throughout the United States.

Commercial & Industrial