Federal Realty to price $250 million of notes due 2021 on Monday

By Aleesia Forni

Virginia Beach, Sept. 21 – Federal Realty Investment Trust is expected to price a $250 million offering of senior notes 2021 on Monday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

Wells Fargo Securities LLC, BofA Merrill Lynch and J.P. Morgan Securities LLC are the bookrunners.

The company intends to use the net proceeds from this offering to pay down its revolving credit facility and for general corporate purposes.

The real estate investment trust for retail and mixed-use buildings is based in Rockville, Md.

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