Cedar Shopping to pay down revolver borrowings with stock proceeds

By Sara Rosenberg

New York, Feb. 1 - Cedar Shopping Centers Inc. plans to reduce amounts outstanding under its secured revolving credit facility using proceeds from an offering of 7.5 million shares of common stock, according to a news release.

Cedar Shopping Centers is a Port Washington, N.Y.-based real estate investment trust, which focuses on supermarket-anchored shopping centers.

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