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Federal Realty Investment Trust plans $250 million 10-year note sale; pricing Wednesday
By Aleesia Forni
Virginia Beach, Dec. 4 - Federal Realty Investment Trust is expected to price $250 million of 10-year senior notes (Baa1/BBB+/A-) during Wednesday's session, according to an informed source and a 424B5 filing with the Securities and Exchange Commission.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used to redeem outstanding 5.95% notes due 2014, to pay off an outstanding balance under a revolving credit facility and for general corporate purposes, including funding a potential acquisition or a redevelopment pipeline.
The real estate investment trust for retail and mixed-use buildings is based in Rockville, Md.
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