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Camden Property retires $185.2 million secured debt using revolver
By Wendy Van Sickle
Columbus, Ohio, May 31 – Camden Property Trust retired $185.2 million of secured variable-rate debt with a current weighted average interest rate of about 7.1% using proceeds of its revolving credit facility, according to a news release.
As of May 31, 91.3% of Camden Property’s debt is now unsecured.
Camden is a Houston-based real estate investment trust.
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