Camden Property retires $185.2 million secured debt using revolver

By Wendy Van Sickle

Columbus, Ohio, May 31 – Camden Property Trust retired $185.2 million of secured variable-rate debt with a current weighted average interest rate of about 7.1% using proceeds of its revolving credit facility, according to a news release.

As of May 31, 91.3% of Camden Property’s debt is now unsecured.

Camden is a Houston-based real estate investment trust.

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