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DDR to price reopening of split-rated 4.625% notes due 2022 on Tuesday
By Andrea Heisinger
New York, Nov. 19 - DDR Corp. is reopening its issue of 4.625% notes due on July 15, 2022 on Tuesday, a source close to the trade said.
The notes (Baa3/BB+/BB+) are being added to the $300 million outstanding amount priced on June 19 at Treasuries plus 325 basis points.
Bookrunners are Citigroup Global Markets Inc., Deutsche Bank Securities Inc., RBS Securities Inc., UBS Securities LLC and Wells Fargo Securities LLC.
Proceeds will be used for general corporate purposes, including debt repayment.
The real estate investment trust for shopping centers is based in Beachwood, Ohio.
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