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Corporate Office Properties tenders for $250 million notes due 2024
By Wendy Van Sickle
Columbus, Ohio, March 3 – Corporate Office Properties LP launched a cash tender offer for any and all of its $250 million 5.25% senior notes due 2024 (Cusip: 22003BAH9), according to a news release Wednesday evening.
Pricing will be set at 2 p.m. ET on March 10 using the 0.125% Treasury due Feb.15, 2024 plus 40 basis points.
The offer will expire at 5 p.m. ET on March 10.
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.
Earlier on Wednesday, the company also announced a tender offer for any and all of its $350 million 3.6% senior notes due 2023. Also on Wednesday, Corporate Office priced $600 million of 2.75% guaranteed senior notes due April 15, 2031.
The real estate investment trust for suburban office properties is based in Columbia, Md.
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