Ramco-Gershenson Properties Trust agreed to sell $75million of senior unsecured notes due 2028 in a private placement. The companydisclosed in a July 14 filing that it entered into the agreements with AIGAsset Management (U.S.) LLC and Teachers Insurance and Annuity Association ofAmerica.

The notes are priced at a fixed interest rate of 3.64%,representing a 227-basis-point spread above the 10-year treasury yield on thepricing date.

The company expects to use proceeds from the financing,along with proceeds from proposed asset sales, to pay off all maturing debtthrough 2017, including the mortgage on River City Marketplace in Jacksonville, Fla., as well asfor general corporate purposes.

Ramco-Gershenson expects the sale to close Nov. 30.