Inland Real Estate buys back all $81 million of 4.625% convertibles

By Tali David

Minneapolis, Feb. 9 - Inland Real Estate Corp. repurchased all $81 million in principal amount of its 4.625% convertible senior notes, according to its financial and operational results for the fourth quarter of 2011.

The company used the proceeds of a new $50 million term loan, cash on hand and a line of credit to complete the transaction.

Inland Real Estate is an Oak Brook, Ill.-based real estate investment trust.

© 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.