American Finance will pay down revolver with new senior notes

Chicago, Sept. 27 – American Finance Trust, Inc. subsidiary American Finance Operating Partnership, LP will use the proceeds from an offering of notes to repay borrowings under its revolver, according to a press release.

Proceeds will also be used to repay certain mortgage notes and to fund future property acquisitions, and for other general corporate purposes.

American Finance is a New York-based real estate investment trust.

© 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.