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Equity Commonwealth to redeem senior unsecured notes due 2020

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Equity Commonwealth to redeem senior unsecured notes due 2020

Equity Commonwealth plans to redeem its 5.875% senior unsecured notes due Sept. 15, 2020. The aggregate principal outstanding on the notes is $250.0 million.

The notes are redeemable for cash at a price equal to 100% of the principal amount, plus accrued and unpaid interest up to but excluding the June 28 redemption date, and the make-whole amount.

After June 28, the notes will not be considered outstanding or accrue interest, and holders will only be eligible to receive the redemption price without interest, upon surrender of the notes.