Retail Opportunity to repay revolver borrowings via new note offering

By Tali Rackner

Minneapolis, Nov. 13 – Retail Opportunity Investments Corp. plans to repay amounts outstanding under its $600 million revolving credit facility using the proceeds from a $250 million private placement, according to a press release.

Proceeds from the 4.19% senior notes offering will also be used for general corporate purposes.

Retail Opportunity is a San Diego-based self-managed real estate investment trust focusing on the acquisition, ownership and management of necessity-based community and neighborhood shopping centers that are anchored by national or regional supermarkets and drugstores.

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