Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Altisource Solutions Sarl > News item |
Aimco plans to repay revolver using funds from stock offering
By Marisa Wong
Madison, Wis., Jan. 12 – Apartment Investment and Management Co. (Aimco) said it plans to repay debt under its revolving credit facility using proceeds from an offering of common stock.
The company announced on Monday that it intends to sell 8.2 million shares of its common stock in a public offering.
Proceeds of the stock sale will also be used for general corporate purposes.
Aimco is a real estate investment trust based in Denver.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.