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DDR planning to price offering of senior notes
By Aleesia Forni
Virginia Beach, Oct. 14 – DDR Corp. is in the market with an offering of senior notes, according to a 424B5 filing with the Securities and Exchange Commission.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, UBS Securities LLC, RBC Capital Markets LLC and Scotia Capital are the bookrunners.
Proceeds will be used to repay debt under a $750 million unsecured revolving credit facility and for general corporate purposes, which may include the repayment of secured and unsecured debt from time to time. Proceeds may also be used to satisfy cash obligations in connection with the repurchase, redemption or conversion of convertible notes.
The real estate investment trust is based in Beachwood, Ohio.
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