Weingarten pays down $77.2 million 3.95% convertibles due 2026

By Toni Weeks

San Diego, Aug. 9 - Weingarten Realty Investors said it paid down $77.2 million of its 3.95% convertible senior unsecured notes due 2026, according to a 10-Q filing with the Securities and Exchange Commission.

The convertibles were redeemed for cash.

At June 30, the company had $131.1 million of the convertibles outstanding.

Weingarten can redeem the convertibles at its option beginning August 2011 for the principal amount plus accrued interest, and they are putable in August 2011, August 2016 and August 2021 or in the event of a change in control.

Weingarten is a Houston-based real estate investment trust.

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