Corporate Office gets tenders for $185.7 million 4.25% exchangeables

By Marisa Wong

Madison, Wis., June 27 - Corporate Office Properties Trust's operating partnership, Corporate Office Properties, LP, completed the tender offer for any and all of its 4.25% exchangeable senior notes due 2030, according to a company news release.

As of 11:59 p.m. ET on June 26, the expiration of the offer, holders had tendered $185,698,000, or 99.7%, of the $186,273,000 outstanding principal amount of notes.

On June 27, the company paid $1,070 per $1,000 principal amount of tendered notes plus accrued interest up to but excluding the payment date.

The offer began on May 29.

Funding came from a combination of available cash on hand and borrowings under existing credit facilities as needed.

The dealer manager is RBC Capital Markets (877 381-2099). The information agent is D.F. King & Co., Inc. (800 659-5550 or 212 269-5550).

Corporate Office Properties is an office real estate investment trust based in Columbia, Md., that focuses on U.S. government agencies and defense contractors.

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