Entertainment Properties Trust pays down revolver via equity proceeds

By Sara Rosenberg

New York, Nov. 4 - Entertainment Properties Trust repaid some borrowings under its unsecured revolving credit facility with proceeds from common equity sales in August and September, according to a news release.

The company raised nearly $50 million in common equity.

At Sept. 30, there was in excess of $149 million of unrestricted cash on hand and availability under the revolver.

Entertainment Properties Trust is a Kansas City, Mo.-based real estate investment trust that develops, owns, leases and finances properties for consumer-preferred, high-quality businesses.

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