KEYreit calls all 7.15% convertible unsecured subordinated debentures

By Ashley Montgomery

Kansas City, Kan., Nov. 20 - KEYreit plans to redeem all of its 7.15% convertible unsecured subordinated debentures due Dec. 31, 2012.

The debentures will be redeemed on Dec. 19 at par plus accrued interest to the redemption date.

The company said it would fund the redemption with proceeds from its $20 million offering of 7% convertible unsecured subordinated debentures due Dec. 31, 2017. That issue is expected to close on Dec. 11.

Toronto-based KEYreit, formerly known as Scott's Real Estate Investment Trust, is a small-box retail property owner.

© 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.