Corporate Office selling $250 million 10-year senior notes Monday

By Aleesia Forni

Virginia Beach, June 22 – Corporate Office Properties LP is planning to price a $250 million offering of 10-year senior notes on Monday, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

BofA Merrill Lynch, Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the bookrunners.

The bonds are guaranteed by Corporate Office Properties Trust.

Proceeds will be used to repay borrowings under the company’s unsecured revolving credit facility and for general corporate purposes.

The real estate investment trust for suburban office properties is based in Columbia, Md.

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