Charter Hall Retail REIT issues $200 million of 3.55% notes; Orora raising $250 million

By Lisa Kerner

Charlotte, N.C., May 8 – Charter Hall Retail REIT issued $200 million of 3.55% 12-year debt in a U.S. private placement as part of its debt restructuring.

Proceeds will be used to repay debt.

The real estate investment trust is based in Sydney, Australia

Orora Ltd. announced it plans to raise $250 million of debt in the U.S. private placement market.

The company accepted bids from investors to issue $100 million of eight-year notes and $150 million of 10-year notes, with funding slated for July.

Proceeds will be used to replace outstanding drawn borrowings under existing bank debt facilities maturing in December 2016 and 2018 and for general corporate purposes, according to a company news release.

The packaging company is based outside of Melbourne, Australia.

Avenue Financial Holdings, Inc. registered for public trading $20 million of fixed/floating-rate subordinated notes due 2024, according to an S-1 filing with the Securities and Exchange Commission.

The notes were placed Dec. 29.

The initial interest rate is 6¾%. Beginning Jan. 1, 2020, the interest rate is Libor plus 495 basis points.

Avenue Financial is the bank holding company for Avenue Bank based in Nashville.

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