By Devika Patel
Knoxville, Tenn., Oct. 5 – Retail Properties of America, Inc. priced $200 million of senior notes in two tranches, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The placement includes $100 million of 4.08% 10-year bonds and $100 million of 4.24% 12-year bonds.
The 10-year notes settled Friday, and the 12-year notes will settle Dec. 28.
The notes have a make-whole call at Treasuries plus 50 basis points and a change-of-control put option.
Proceeds will be used to repay or refinance debt and for general corporate purposes.
The company is an Oak Brook, Ill.-based real estate investment trust.
| Issuer: | Retail Properties of America, Inc.
|
| Issue: | Senior notes
|
| Amount: | $200 million
|
| Call: | Make-whole call at Treasuries plus 50 bps
|
| Put: | Upon a change of control
|
| Distribution: | Private placement
|
|
|
| Series A notes
|
| Amount: | $100 million
|
| Maturity: | Sept. 30, 2026
|
| Coupon: | 4.08%
|
| Settlement: | Sept. 30
|
|
|
| Series B notes
|
| Amount: | $100 million
|
| Maturity: | Dec. 28, 2028
|
| Coupon: | 4.24%
|
| Settlement: | Dec. 28
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
