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Federal Realty Investment Trust closes $175M notes offering

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Federal Realty Investment Trust closes $175M notes offering

Federal Realty Investment Trust completed its public offering of $175 million in aggregate principal amount of 3.25% senior unsecured notes due 2027.

Interest on the notes will be payable each Jan. 15 and July 15, beginning Jan. 15, 2018, and the notes will mature July 15, 2027.

The company earlier said that proceeds from the offering will be used to redeem all its outstanding 5.90% notes due 2020, and for general corporate purposes.

The offering was primarily underwritten by Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Wells Fargo Securities LLC.