RAIT's 7.625% notes due 2024 admitted to begin trading on NYSE

By Tali Rackner

Norfolk, Va., April 17 - RAIT Financial Trust's 7.625% senior notes due April 15, 2024 have been admitted to trading on the New York Stock Exchange, according to a notice.

The notes trade under the symbol "RFT."

The company sold $60 million of the $25-par notes on April 7.

As previously reported, Barclays, Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC and Keefe, Bruyette & Woods are the joint bookrunning managers. Senior managers are Ladenburg Thalmann & Co. Inc. and William Blair & Co.

Proceeds will be used for working capital and general trust purposes.

RAIT is a Philadelphia-based real estate investment trust.

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