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Prospect News home > News index > List of issuers Tenders > Headlines for 2017 > News item
Published on 9/13/2017 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Colony NorthStar to redeem series B, C preferreds via new issue

By Sarah Lizee

Olympia, Wash., Sept. 13 – Colony NorthStar Inc. plans to redeem some or all of the shares of its 8.25% series B cumulative redeemable perpetual preferred stock and 8.875% series C cumulative redeemable perpetual preferred stock outstanding using proceeds from a new issue of preferreds, according to a company release.

Any remaining net proceeds will be used for other general corporate purposes.

Colony NorthStar is a real estate investment trust with offices in Los Angeles and New York.


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