Federal Realty Investment Trust Prices Offering Of $400M Of 3.500% Exchangeable Senior Notes Due 2031
The Partnership also granted the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the first date on which the notes are issued, up to an additional $60 million
Federal Realty is borrowing $400 million by selling special bonds that can be swapped for company stock later. This is a normal way companies raise money, and watching whether they use it for new stores or paying off old loans helps you understand their plans.
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