| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for Office Properties Income Trust > News item |
Office Properties Income Trust driving by with $300 million notes; initial talk 9% area at 93-94
By Paul A. Harris
Portland, Ore., Feb. 7 – Office Properties Income Trust plans to price a $300 million offering of five-year senior secured notes in a Wednesday drive-by, according to market sources.
The deal is in the market with initial guidance in the 9% area, at an issue price of 93 to 94.
The Rule 144A and Regulation S notes come with two years of call protection.
B. Riley Securities Inc. is leading the notes sale.
The Newton, Mass.-based real estate investment trust plans to use the proceeds to redeem its 4¼% senior notes due 2024.
Office Properties Income Trust is focused on owning and leasing office and mixed-use properties.
© 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.