Corporate Office Properties tenders for $350 million notes due 2023

By Wendy Van Sickle

Columbus, Ohio, March 3 – Corporate Office Properties LP launched a cash tender offer for any and all of its $350 million 3.6% senior notes due 2023 (Cusip: 22003BAG1), according to an 8-K filing with the Securities and Exchange Commission.

Pricing will be 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 real estate investment trust for suburban office properties is based in Columbia, Md.

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