Glimcher to repay facility borrowings with preferred shares proceeds

By Sara Rosenberg

New York, April 22 - Glimcher Realty Trust plans to reduce debt under its credit facility using proceeds from an offering of 8.125% series G cumulative redeemable preferred shares of beneficial interest, according to a 424B3 filed with the Securities and Exchange Commission on Thursday.

Glimcher is a Columbus, Ohio-based real estate investment trust that owns, leases, acquires, develops and operates a portfolio of retail properties.

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