Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Parana > News item |
Brookfield to repay some revolver borrowings with notes proceeds
By Sara Rosenberg
New York, Sept. 21 – Brookfield Property REIT Inc. plans to repay about $985 million of borrowings under its revolving credit facility using proceeds from a $1 billion senior secured notes offering, according to a market source.
At June 30, the company had around $1.2 billion of borrowings under the revolver, bearing interest at a rate of Libor plus 300 basis points.
Brookfield is a New York-based owner and operator of best-in-class retail 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.