DCT Industrial to pay down outstanding revolver debt via new notes

By Tali Rackner

Norfolk, Va., March 13 – DCT Industrial Operating Partnership LP plans to repay amounts outstanding under its unsecured revolving credit facility using the net proceeds from a new senior note offering, according to a 424B5 filing with the Securities and Exchange Commission.

As of Dec. 31, there was balance of $75 million outstanding under the revolver, which matures in April 2019.

Denver-based DCT Industrial Trust Inc., formerly Dividend Capital Trust Inc., is a real estate investment trust.

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