Federal RealtyInvestment Trust closed a public offering of $250 million aggregate principal amount of3.625% senior unsecured notes due Aug. 1, 2046.
The company offered the notes at 97.756% of the principalamount with a 3.750% yield to maturity. Interest on the notes will be payableFeb. 1 and Aug. 1 of each year, starting Feb. 1, 2017.
Net proceeds will go toward paying down the outstandingbalance under the company's revolving credit facility and for general corporatepurposes.