Weingarten Realty Investors might draw on revolvers to fund redemption

By Angela McDaniels

Tacoma, Wash., April 7 – Weingarten Realty Investors may use borrowings under its revolving credit facilities to fund a planned redemption, according to an 8-K filing with the Securities and Exchange Commission.

The company will redeem all of its 6.5% series F cumulative redeemable preferred shares of beneficial interest on May 8. It said the $151.4 million redemption price will be funded through existing resources and may include any or a combination of cash on hand and revolver borrowings.

Weingarten is a shopping center owner, manager and developer based in Houston.

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