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Duke Realty operating partnership closes $175M senior notes offering

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Duke Realty operating partnership closes $175M senior notes offering

Duke Realty Corp. said its operating partnership closed a $175 million offering of its 3.375% senior unsecured notes due Dec. 15, 2027.

The notes were issued as additional notes of and form a single series of securities with Duke Realty LP's outstanding $300 million of 3.375% senior notes due 2027.

The operating partnership plans to use the net proceeds to repay borrowings under its unsecured senior line of credit and for general corporate purposes.