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DDR to redeem 7.875% notes due 2020 with proceeds from new deal
New York, Aug. 7 – DDR Corp. plans to repay its $300 million of 7.875% notes due 2020 using proceeds from an offering of new notes, according to a 424B5 filing with the Securities and Exchange Commission.
The company will redeem the existing notes using the make-whole call provision.
Any remaining proceeds will be used for general corporate purposes.
DDR is a Beachwood, Ohio-based real estate investment trust specializing in shopping centers.
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