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Corporate Office Properties prices offer for $350 million notes due 2023
By Taylor Fox
New York, March 9 – Corporate Office Properties, LP priced its cash tender offer for any and all of its $350 million 3.6% senior notes due 2023 (Cusip: 22003BAG1), according to a news release.
Holders who tender notes will receive $1,066.81 per $1,000 of notes tendered, plus interest.
Pricing was set at 2 p.m. ET on March 9 using the 0.125% Treasury due May 15, 2023 plus 30 basis points.
The offer will expire at 5 p.m. ET on March 9.
Holders whose notes are purchased will receive interest up to the settlement date of March 11.
D.F. King & Co., Inc. (866 530-8635; ofc@dfking.com) is the tender agent and information agent.
Wells Fargo Securities, LLC (704 410-4759, 866 309-6316; liabilitymanagement@wellsfargo.com) is the dealer manager.
The notes are fully guaranteed by Corporate Office Properties Trust.
The real estate investment trust for suburban office properties is based in Columbia, Md.
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