Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Roanoke Gas Co. > News item |
American Assets places $100 million 4.24% 12-yeer notes; Digital Realty places floaters
By Angela McDaniels
Tacoma, Wash., May 23 – American Assets Trust, Inc., Digital Realty Trust, LP and Roanoke Gas Co. announced deals in the private placement market on Tuesday.
American Assets Trust’s operating partnership, American Assets Trust, LP, closed a private placement of $100 million of 12-year series E senior guaranteed notes with a 4.24% coupon.
Before closing, the company entered into a treasury lock that gives an effective rate of 4.18% on the notes under GAAP, according to a company news release.
American Assets, a San Diego-based real estate investment trust focused on retail, office and residential properties, will use the proceeds to repay credit facility borrowings and for general corporate purposes.
Digital Realty Trust subsidiary Digital Euro Finco, LLC issued €125 million of floating-rate guaranteed notes due 2019 to an institutional investor in a private placement on Monday.
The interest rate is Euribor plus 50 basis points.
Proceeds will be used to temporarily repay borrowings under a revolving credit facility and for general corporate purposes.
Digital Realty owns, acquires, develops and operates data centers and is based in San Francisco.
Roanoke Gas agreed to issue $8 million of 3.58% 10-year notes to Prudential Investment Management, Inc.
Closing is scheduled for Oct. 2.
Roanoke Gas is a utility subsidiary of RGC Resources, Inc., a Roanoke, Va., supplier of natural gas.
© 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.