Equity Commonwealth Announces Redemption of $125 million 7.5% Senior Notes
18 Novembro 2014 - 8:56PM
Business Wire
Equity Commonwealth (NYSE: EQC) has redeemed in full and at par
its $125 million 7.50% Senior Notes due 2019 (“Notes”) on November
17, 2014. Funding for the entire outstanding balance of these
unsecured Notes came from cash on hand.
“We are pleased to have identified further opportunities to
de-lever EQC’s balance sheet. We are focused on improving our
capital structure and becoming more nimble and financially flexible
as we reposition our portfolio for long-term growth,” commented
Adam Markman, Equity Commonwealth’s Executive Vice President, Chief
Financial Officer and Treasurer.
In addition, EQC prepaid, at par, a $7.8 million 5.99% mortgage
loan on October 31, 2014.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is an internally managed and
self-advised real estate investment trust (REIT). EQC is one of the
largest commercial office REITs in the United States, with a
portfolio of over 40 million square feet located in 30 states, DC
and Australia.
Forward-Looking Statements
This press release may contain forward-looking statements and
information within the meaning of the federal securities laws,
including statements regarding our capital structure, financial
flexibility and long-term growth. These statements are based on
current expectations, estimates, projections and assumptions made
by management. While Equity Commonwealth management believes the
assumptions underlying its forward-looking statements are
reasonable, such information is inherently subject to uncertainties
and may involve certain risks. Other risks and uncertainties are
described under the heading “Risk Factors” in our Annual Report on
Form 10-K and subsequent periodic reports filed with the Securities
and Exchange Commission (SEC) and available on our website,
www.eqcre.com. Many of these uncertainties and risks are difficult
to predict and beyond management’s control. Forward-looking
statements are not guarantees of future performance, results or
events. Equity Commonwealth assume no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events.
Equity CommonwealthSarah Byrnes, Investor Relations(312)
646-2801ir@eqcre.comwww.eqcre.com
Equity Commonwealth (NYSE:EQC)
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