HRPT to redeem $200m in notes
May 11, 2007 03:02 PM
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Real estate investment trust HRPT Properties Trust said today that it will redeem $200 million of its $400 million floating rate notes at par plus accrued interest.
HRPT plans to fund the transaction by borrowing on its revolving credit facility. The trust said it expects the notes, due in 2011, to be redeemed on June 18. (AP)
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