Washington REIT buys back $56.1 million in 5.95% notes in cash tender

By Devika Patel

Knoxville, Tenn., Oct. 4 - Washington Real Estate Investment Trust said holders of $56.1 million of the company's 5.95% senior notes due June 15, 2011 were tendered as part of Washington REIT's cash tender offer for up to $150 million of the notes.

The offer launched Sept. 23 and expired at 5 p.m. ET on Oct. 1.

The Rockville, Md.-based REIT said it expects to pay about $59.3 million, which includes unpaid interest, for the notes, which will be made in same-day funds on Oct. 4.

Citi and Wells Fargo Securities were the dealer managers.

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