DDR planning to price offering of notes due 2021

By Aleesia Forni

Virginia Beach, Nov. 21 - DDR Corp. is in Thursday's session with a sale of senior notes due 2021, according to a filing with the Securities and Exchange Commission.

Citigroup Global Markets Inc., Wells Fargo Securities LLC, U.S. Bancorp Investments Inc., RBS Securities Inc. and Scotia Capital (USA) Inc. are the joint bookrunners.

The company intends to use proceeds from the offering to repay debt under its $750 million unsecured revolving credit facility and for general corporate purposes, which may include the repayment of secured and unsecured debt.

The real estate investment trust is based in Beachwood, Ohio.

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