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Retail Properties talks $250 million 10-year notes at 200 bps to 210 bps; pricing Thursday
By Aleesia Forni
Virginia Beach, March 5 – Retail Properties of America Inc. intends to price senior $250 million of notes (Baa3/BBB-/) due 2025 on Thursday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.
Initial price talk is set at 200 basis points to 210 bps.
The bookrunners are Wells Fargo Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Jefferies.
Proceeds will be used for general business purposes.
The company is an Oak Brook, Ill.-based real estate investment trust.
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