Camden Property Trust to repay unsecured line of credit via new notes

By Tali Rackner

Norfolk, Va., Sept. 3 – Camden Property Trust will repay the outstanding balance on its unsecured line of credit with the proceeds from a new notes offering, according to a 424B3 filing with the Securities and Exchange Commission.

It will also use the proceeds to repay other short-term borrowings and for general corporate purposes, which may include property acquisitions and development in the ordinary course of business, capital expenditures and working capital.

The real estate investment trust for apartment communities is based in Houston.

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