Equity Commonwealth pays back $100 million on unsecured term loan

By Tali Rackner

Norfolk, Va., Dec. 8 – Equity Commonwealth announced in a press release that it has repaid $100 million on its unsecured term loan.

The remaining $400 million outstanding under the term loan matures Dec. 15, 2016.

Funding for the repayment came from cash on hand.

The company has repaid $233 million of debt in the fourth quarter of 2014, and $766 million of debt since June 30, excluding principal amortization.

Equity CommonWealth is a real estate investment trust based in Chicago.

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