By Devika Patel
Knoxville, Tenn., March 28 – Whitestone REIT Operating Partnership LP settled a $100 million private placement of senior notes on March 22, according to an 8-K filing with the Securities and Exchange Commission.
There was $50 million of series A 10-year 5.09% bonds and $50 million of series B 10-year 5.17% bonds sold in the placement.
Prudential Insurance Co. of America was among the investors.
Whitestone REIT is a Houston-based real estate company.
| Issuer: | Whitestone REIT Operating Partnership LP
|
| Issue: | Senior notes
|
| Amount: | $100 million
|
| Maturity: | March 22, 2029
|
| Call option: | Make-whole call
|
| Investor: | Prudential Insurance Co. of America
|
| Settlement date: | March 22
|
| Distribution: | Private placement
|
|
|
| Series A notes
|
| Amount: | $50 million
|
| Coupon: | 5.09%
|
|
|
| Series B notes
|
| Amount: | $50 million
|
| Coupon: | 5.17%
|
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