Weingarten Realty plans to retire 3.95% convertibles via note proceeds

By Ashley Montgomery

Kansas City, Kan., Oct. 1 - Weingarten Realty Investors plans to use the proceeds from its notes offering to retire some or all of its outstanding $54.1 million 3.95% convertible senior notes due Aug. 1, 2026, according to a filing with the Securities and Exchange Commission.

Proceeds will also be used to repay outstanding revolving credit facility borrowings and for general corporate purposes.

Weingarten Realty is a Houston-based company focused on the acquisition, management, development and ownership of neighborhood shopping centers and industrial properties.

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