Equity Commonwealth Repays $100 Million on Term Loan
08 Dezembro 2014 - 10:30AM
Business Wire
Equity Commonwealth (NYSE:EQC) announced it repaid $100 million
on its unsecured term loan. The remaining $400 million outstanding
under the term loan matures December 15, 2016. Funding for the
repayment came from cash on hand.
EQC has repaid $233 million of debt in the fourth quarter of
2014, and $766 million of debt since June 30, 2014, excluding
principal amortization. These debt repayments are consistent with
EQC’s strategy to de-lever the balance sheet as it repositions its
portfolio.
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 strategy with respect to our
portfolio. 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, 312-646-2801Investor
Relationsir@eqcre.comwww.eqcre.com
Equity Commonwealth (NYSE:EQC)
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