Weingarten Realty might draw on revolver to fund note redemption

By Angela McDaniels

Tacoma, Wash., July 25 – Weingarten Realty Investors said it plans to fund an upcoming note redemption with existing resources, which may include any or a combination of cash on hand and borrowings under its revolving credit facilities.

The company will redeem all of its outstanding 8.1% notes due 2019 at par on Sept. 15. The total redemption price is about $90 million, according to an 8-K filing with the Securities and Exchange Commission.

Weingarten is a real estate investment trust based in Houston.

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