Education Realty eyeing offering of senior notes

By Aleesia Forni

Virginia Beach, Nov. 19 – Education Realty Operating Partnership LP intends to price an offering of senior notes, according to a 424B5 filed with the Securities and Exchange Commission.

The notes are guaranteed by Education Realty Trust, Inc.

J.P. Morgan Securities LLC, RBC Capital Markets LLC, BofA Merrill Lynch and PNC Capital Markets LLC are the bookrunners.

Proceeds will be used to pay down the outstanding balance of the company’s unsecured revolving credit facility and for general corporate purposes.

Education Realty Trust is a Memphis, Tenn., real estate investment trust focused on student housing communities located near university campuses.

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