Tarragon announces $100 million offering of seven-year notes

By Paul A. Harris

St. Louis, Aug. 6 - New York City-based real estate development company Tarragon Corp. plans to sell $100 million of seven-year senior notes, the company said in a news release Friday.

A high-yield market source said that the deal is expected to come with sub-investment-grade credit ratings.

However, the source added, no further details on the Rule 144A/Regulation S offering had been heard in the market on Friday.

Proceeds will be used to repay debt and for general corporate purposes.

The company did not return a Friday telephone call from Prospect News.

© 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.