Saul Centers to redeem series C preferreds via new preferred offering

New York, Jan. 16 – Saul Centers, Inc. plans to redeem its 6.875% series C cumulative redeemable preferred stock using proceeds from an offering of new series D cumulative redeemable preferred stock, according to a 424B5 filing with the Securities and Exchange Commission.

As of Sept. 30, the company had $180 million of the series C preferreds outstanding.

Saul Centers is a Bethesda, Md., real estate investment trust that owns primarily shopping centers and also some mixed-use properties.

© 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.